Flexport Plans to Cut Up to 30% of Workforce

Logistics startup Flexport plans to lay off up to 30% of its workforce, according to a person close to the company. That would represent about 1,000 people based on a headcount of around 3,300 people. The cuts are the latest and most drastic in a series of cost-cutting moves founder Ryan Petersen has made at the decade-old company since he returned as CEO in September.

Account management, customer service and operations will be less affected than other parts of the company, the person said.