Flexport is laying off 20% of its workforce
Summary
Ryan Petersen, chief executive officer of Flexport, participates in a panel discussion during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Wednesday, May 4, 2022. Supply chain software startup Flexport plans to cut approximately 20% of its global workforce as part of a new round of layoffs thats expected to begin on Friday, CNBC has learned. Flexport CEO Ryan Petersen sent a note to staffers Thursday afternoon informing them of the job cuts, according to a copy of the memo viewed by CNBC. "Today I have a difficult decision to share: We will reduce the size of our global team by approximately 20% with the process starting tomorrow, Friday, October 13," Petersen wrote. Since taking back the helm, Petersen quickly overhauled the companys top ranks, ousting several of Clarks key recruits, as well as its CFO and HR chief.
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