Flexport Layoffs
January 2023
Flexport announced a layoff affecting 640 employees (20% of its workforce) in January 2023. The company operates in the Logistics sector.
640
20%
Jan 11, 2023
About
Supply chain software startup Flexport is laying off approximately 640 employees, representing 20% of its global workforce, as announced by co-CEOs Ryan Petersen and Dave Clark. The company, which was valued at $8 billion and topped CNBC's Disruptor 50 list last year, is responding to a global macroeconomic downturn and softening trade volumes that have reduced demand and volume forecasts for 2023. Like many tech firms that expanded rapidly during the pandemic, Flexport now faces the need to streamline operations and improve efficiency. The layoffs, announced in early 2023, aim to position the company for long-term success by becoming more nimble and fiscally responsible as it navigates challenging economic conditions.
Source
View Sourcewww.cnbc.comMore Logistics Layoffs
Report an Error
If you find incorrect information, please let us know so we can correct it.
support@layoffs.nl