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Flexport fires CFO, HR chief departs weeks after sudden ouster of Dave Clark as CEO - TL;DR CNBC

Flexport fires CFO, HR chief departs weeks after sudden ouster of Dave Clark as CEO

Publishing timestamp: 2023-09-27 11:24:58


Summary

Flexport, a supply chain startup, has fired its CFO and seen its human resources chief resign. This follows the abrupt firing of the CEO earlier in the month. The company is expected to announce more layoffs in the coming weeks. The founder of Flexport has reclaimed the top position at the company and has been firing executives recruited from Amazon. Flexport has faced challenges due to the global economic tumult and is now in cost-cutting mode.


Sentiment: NEGATIVE

Tickers: SHOP-CASHOP

Keywords: breaking news: technologyshopify incjeff bezostechnologybusiness newsinternet

Source: https://www.cnbc.com/2023/09/27/flexport-loses-cfo-hr-chief-weeks-after-ouster-of-ceo-dave-clark.html


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