Flexport Further Reduces Workforce

Supply chain logistics company Flexport is again trimming its workforce — this time by about 15% as the company looks to cut back on costs and return to profitability.

The headcount reduction primarily impacted research and development positions in North America, and will have a minimal impact on customer-facing teams, they added.

Impacted workers include software engineers and operations associates, according to LinkedIn posts published today from several former Flexport employees.

Rumors of layoffs had been circulating online after The Information reported last week Flexport would lay off staff “in the coming weeks.” When asked about the rumors, Flexport declined to comment.

This marks the logistics company’s third major round of layoffs over the past year or so, including 20% in December 2022 due to a macroeconomic downturn and another 20% in October to help cut costs.

The job cuts have also come as Flexport shifts directions to refocus on its core business and pursues profitability, with Ryan Petersen back as CEO.

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