FourKites

FourKites representing approximately 15% of its workforce on 2023-12-13.

In early August 2022, supply chain visibility startup FourKites laid off approximately 60 employees, representing nearly 8% of its workforce. The layoffs were part of a strategic consolidation following several acquisitions, including the sunsetting of its unprofitable ocean shipping platform, Haven. The company, which serves major clients like Coca-Cola and Walmart, simultaneously secured a $30 million investment, part of a larger funding round, highlighting a period of restructuring to integrate acquired technologies into a single global platform.