Freight broker Coyote Logistics is looking to again reduce its workforce as it struggles with a dramatic freight downturn that has squeezed revenue across the brokerage sector.
The staff reductions are expected to target those in senior manager and director roles, according to a person familiar with the matter. Affected employees will have the opportunity to accept a severance and leave voluntarily, the person said.
In a statement, Chicago-based Coyote said that to “support current optimization...
https://www.freightwaves.com/news/coyote-offers-voluntary-separation-program-to-high-level-employees
