Y Combinator’s Garry Tan Goes to the MatRead more

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economy

Logistics Startup Flexport Axes 20% of Workforce

By
Paris Martineau
· · Source: The Information

Logistics startup Flexport said it laid off 20% of its workforce Wednesday morning. The aggressive restructuring, which will impact upwards of 600 people, comes just two months after Flexport announced plans to hire 400 engineers and double the size of its technical team by the end of 2023. The company claims those plans remain unchanged. The company didn’t say which departments within the...

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