Flexport would possibly perhaps well perhaps additionally lay off workers all over all yet again | TechCrunch – Techcrunch

Flexport, a logistics firm with $2.7 billion in enterprise and debt funding, is reportedly planning extra layoffs.

That’s basically based entirely on Knowledge, which talked about the firm intends to eliminate spherical 20% of its roles in the following couple of weeks. Flexport communications head Liyan Chen declined to instruct on the list in an email to TechCrunch.

Flexport, which affords freight forwarding and brokerage services, announced similar cuts in October, when founder Ryan Petersen returned as CEO and slashed the firm’s personnel by 20% — affecting about 600 workers.

An further spherical of layoffs at Flexport would cap a brutal January for tech workers, as giants and startups alike possess eradicated a blended tens of hundreds of jobs across the replace. While San Francisco-basically based entirely Flexport wouldn’t be an outlier for making cuts, the timing would possibly perhaps well perhaps be weird and wonderful.

Right final week, Flexport talked about it’d raised an additional $260 million in funding from Shopify. The deal deepened the 2 companies ties; wait on in May perhaps perhaps, Shopify sold its logistics industrial to Flexport in swap for a 13% stake in the firm.

Flexport’s different merchants embody Softbank and Andreessen Horowitz.