News in Brief Podcast | Week 17 | China-ship fees, supply and demand
In this episode of The Loadstar’s News in Brief Podcast, host and news reporter Charlotte Goldstone ...
By Alex Lennane
Flexport has confirmed that some 50 jobs, or about 3% of its global staff, have been cut in an attempt to “correct its course”.
The company, founded in 2013, has experienced steep growth, but at the same time has had to adapt to new trade outlooks and areas of experience. As a result, said the company, some parts of the business needed restructuring.
“We’ve course-corrected on our path to profitability, restructuring parts of our organisation to move faster, and with greater clarity ...
Comment on this article
Eric Mooney
February 04, 2020 at 9:29 pmThese aren’t just low level jobs. They axed their Customs Brokerage manager at LAX which seems a bit odd. How does a company in growth mode figure they need to lay off 50 staff? That doesn’t add up. They just doubled their business, per them. Based on that trajectory why let go of knowledgeable people? There is something more to the story and/or their situation is much worse than they are portraying it. Hmmmmmm