This Shipping Giant To Lay Off 20% Of Its Global Workforce

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Credits: Alex Duffy/Unsplash
  • Supply chain software startup Flexport is laying off 20% of its global workforce, or roughly 640 employees, according to a memo from co-CEOs Ryan Petersen and Dave Clark.
  • The co-CEOs cited the global macroeconomic downturn and softening trade volumes, but wrote, “As the economy recovers … we’re going to need to be nimble, fiscally responsible and focused on building fast with operational excellence.”
  • Flexport joins a long list of tech companies cutting jobs after...

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