News / Weak 2023 forecast pushes Flexport to slash 20% of global workforce

Flexport is to cut 20% of its jobs, with impacted staff in Europe and North America receiving emails in the next few hours, and those in Asia, tomorrow.

The letter to employees from co-CEOs Dave Clark and Ryan Petersen opens: “We begin the new year with more optimism than ever about Flexport’s future.”

But it goes on: “We must also make hard decisions necessary to set us up for long-term success.

“We are, overall, in a good position, but are not immune to the ...