Logistics unicorn Porter has laid off over 350 employees, impacting at least 18% of its workforce of approximately 2,000. This restructuring follows the company's recent $200 million funding round and is a result of merging its truck and two-wheeler business verticals to streamline operations and eliminate redundancies. The startup, which provides B2B and B2C logistics services, confirmed the move as part of building a more agile and financially resilient organization, offering affected staff severance and career transition support.
