News / Flexport axes 50 jobs, 'course-correcting on our path to profitability'

04/02/2020

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 ...

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Eric Mooney
February 04, 2020 at 9:29 pm
These 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

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