More cash to burn – Petersen’s search is on
Tic-toc, tic-toc, roadshow time
Some 1,700 Flexport employees will have lost their jobs this year, if press reports are accurate. Chief executive Ryan Petersen informed workers (the full note is here) that the digital forwarder was having to cut a further 20% of its global labour force, the last round of lay-offs in 2023.
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