News / Booking platforms claim funding is the problem as cargo.one lays off staff

© Nuthawut Somsuk

A war of words has broken out between two airfreight booking platforms over funding and business strategies.

Last week, Cargo.one, a venture capital (VC)-backed platform, was forced to make 16 staff redundant, as co-CEO Moritz Clausen followed Flexport’s lead and announced the cuts – “the hardest decision for any founder”.

Mr Clausen noted the platform’s “incredible growth”, with more airlines onboard in 2022 than the previous four years combined. But he didn’t specify the reasons for the job losses, simply noting: “Like many ...