FourKites Layoffs
August 2022
FourKites announced a layoff affecting 60 employees (8% of its workforce) in August 2022. The company operates in the Logistics sector.
60
8%
Aug 11, 2022
About
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.
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