Flexport plans to reduce up to 30% of its workforce by the end of October, various media outlets reported Thursday.
The news comes at a tumultuous time for the company. Flexport parted ways with then-CEO Dave Clark a month ago, as well as several others in top leadership positions. And earlier this year, the California-based freight forwarder also laid off 20% of its workforce due a macroeconomic downturn.
“Ryan has been very transparent in the need to drive the growth and cost discipline required to return Flexport to profitability,” according to a Flexport spokesperson. “We will do so in a way that doesn’t impact customer service and our ability to help grow our customers’ businesses.”
Areas like account management, customer service and operations will be less affected by the layoffs, The Information reported.
