REPORTS suggest freight forwarder Flexport will make a third round of redundancies in just over a year.
Tech publication The Information last week reported that the forwarder will cut 20 per cent of its staff, equating to around 500 people.
The company last year cut 20 per cent of its staff in mid-January as it was overstaffed and followed this up with another 20 per cent cut in October as it strived to return to profitability.
The latest round of cuts comes in what has been a tumultuous 12 months for the forwarder, reports London's Air Cargo News.
In September, following on from the January cuts, it was announced that ex-Amazon logistics leader Dave Clark would leave the role of chief executive to be replaced by the firm's founder and former boss Ryan Petersen.
After his exit from the company, Mr Clark declared that Flexport is 'facing serious internal and industry challenges'.
Shortly after the news broke, Mr Petersen withdrew job offers for more than 75 people that he said were given jobs during a 'hiring freeze'.
There were then a series of management departures, many of them hired by Mr Clark.
Next came the October job cuts, with Mr Petersen declaring that 'Flexport is now in a great position to take advantage of the opportunities in front of us to return to profitability as soon as the end of next year'.
There were also several developments in terms of investment over the past year.
SeaNews Turkey
Tech publication The Information last week reported that the forwarder will cut 20 per cent of its staff, equating to around 500 people.
The company last year cut 20 per cent of its staff in mid-January as it was overstaffed and followed this up with another 20 per cent cut in October as it strived to return to profitability.
The latest round of cuts comes in what has been a tumultuous 12 months for the forwarder, reports London's Air Cargo News.
In September, following on from the January cuts, it was announced that ex-Amazon logistics leader Dave Clark would leave the role of chief executive to be replaced by the firm's founder and former boss Ryan Petersen.
After his exit from the company, Mr Clark declared that Flexport is 'facing serious internal and industry challenges'.
Shortly after the news broke, Mr Petersen withdrew job offers for more than 75 people that he said were given jobs during a 'hiring freeze'.
There were then a series of management departures, many of them hired by Mr Clark.
Next came the October job cuts, with Mr Petersen declaring that 'Flexport is now in a great position to take advantage of the opportunities in front of us to return to profitability as soon as the end of next year'.
There were also several developments in terms of investment over the past year.
SeaNews Turkey
