Flexport is laying off 20% of its workforce
Publishing timestamp: 2023-10-12 18:25:21
Summary
Flexport, a supply chain software startup, is planning to lay off approximately 20% of its global workforce. The CEO, Ryan Petersen, sent a memo to employees informing them of the job cuts. This comes after recent turmoil at the company since Petersen returned as CEO and ousted his hand-picked successor. The layoffs are expected to begin on Friday, and the company will inform employees via email. Petersen stated that the company will be in a great position to return to profitability after the cuts.
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Keywords: amazon.com inc, technology, business news, internet, breaking news: technology, labor economy,
Source: https://www.cnbc.com/2023/10/12/flexport-is-laying-off-20percent-of-its-workforce.html