Another round of staff lay-offs at Flexport

Flexport is cutting staff again, according to The Information. In a memo to staff, CEO Ryan Petersen acknowledged that the company would have to “move faster” to hits its profitability goals.

Cuts will focus on management and the fulfilment team, but it is not yet clear how many job losses there will be.

The plan, reportedly, is to focus fulfilment on big customers rather than SMEs, which have been the company’s focus in recent years.

The memo noted: “These changes will increase our ...