FW: FourKites confirms 15% cut in global workforce, dismisses key exec

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15/12/2023

FREIGHTWAVES reports:

Supply chain visibility platform FourKites confirmed it has reduced its workforce across offices in the United States and Europe by 15% this week.

“With these changes in place, along with the recent realignment of our leadership team, we are accelerating our timeline to profitability, taking our burn rate to zero — now — and reducing our reliance on capital markets,” a FourKites spokesperson told FreightWaves.

The move included the departure of another key executive, Glenn Koepke, vice president ...