Former Flexport/Amazon execs launch tech start-up for forwarders
You can’t keep a good techbro down. Former Flexport and Amazon executives have launched a ...
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GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
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.)
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