Flexport conducted multiple layoff rounds: 20% (~640 employees) in January 2023, another 20% in October 2023, totaling 1,300+ workers cut. CEO Dave Clark was ousted after one year; founder Ryan Petersen returned and blamed Clark for "overspending and overhiring." Revenue fell nearly 70% in H1 2023. Six executives hired by Clark were dismissed.
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Flexport's October 2024 layoffs came via CEO Ryan Petersen memo stating the company "still had work to do" on growth and profitability goals. The company reduced workforce by 2% focused on management and fulfillment roles. Petersen indicated the cuts would position Flexport for "a successful next few years of profitable growth."
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Flexport — Layoffs: MIXED Flexport's October 2024 layoffs came via CEO Ryan Petersen memo stating the company "still had work to do" on growth and profitability goals. The company reduced workforce by 2%… https://reciepts.tech/stance/1300
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See all →Flexport rescinded 55+ job offers in September 2023, some just days before start dates, after founder Ryan Petersen returned as CEO following Dave Clark's departure. Petersen acknowledged "It's messed up" but said he had "no idea why more than 75 people were signed to join" during a hiring freeze. The company offered no severance to affected candidates and only committed to help them find other jobs.