From The LoadStar, January 11:
Flexport is to cut 20% of its jobs, with impacted people receiving emails in the next few hours in Europe and North America, and tomorrow in Asia.
A letter to employees from co-CEOs Dave Clark and Ryan Petersen began with: “We begin the new year with more optimism than ever about Flexport’s future.”
But it went on to say: “While we are looking forward to what’s to come in 2023, 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 macroeconomic downturn that has impacted businesses around the world. Our customers have been impacted by these challenging conditions, resulting in a reduction to our volume forecasts through 2023....
....MUCH MORE
