Expect more job cuts at Flexport...

Several market reports indicate that San Francisco’s Flexport is looking to cut its workforce by about 20% – its third round of layoffs in less than a year.

The Information was the first media outlet to report the news. Meanwhile, FreightWaves reported that 500 employees may be affected.

Yet it’s unclear how many employees will lose their jobs.

(PS: on 31 Jan, Supply Chain Dive reported that Flexport” is again trimming its workforce — this time by about 15% as the company looks to cut back on costs and return to profitability,” according to a person familiar with the matter.)