Flexport Layoffs
October 2023
Flexport announced a layoff affecting 0 employees (20% of its workforce) in October 2023. The company operates in the Logistics sector.
0
20%
Oct 13, 2023
About
Supply chain software startup Flexport is laying off about 20% of its global workforce, affecting roughly 700 employees based on a reported total of around 3,500. The job cuts, announced by CEO Ryan Petersen on October 12, 2023, are part of a restructuring effort following his return as CEO last month. Petersen cited a need to reduce overspending and overhiring from the previous leadership to steer the company back toward profitability, aiming for a turnaround by the end of next year. This move adds to recent internal turmoil, including executive overhauls and cost-cutting measures, as the tech industry faces ongoing challenges.
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