The planned layoffs are part of a series of cost-cutting moves by the company, as chief executive Ryan focuses on growth with profitability. Flexport said the move "doesn t impact customer service and our ability to help grow our customers businesses," without commenting on specific details regarding employee reductions.
Dave Clark, the former Amazon executive who was ousted as CEO of Flexport just a year into the job, fired back at its founder and board, calling recent reporting on the logistics company "deeply concerning." Clark made the comments Monday in a lengthy post on social media site X following a report from CNBC that provided new information about his last days at Flexport, a freight forwarding and customs brokerage startup valued at $8 billion. Clark, who was handpicked by founder Ryan Petersen to take the top job, said he discovered extensive problems when he joined Flexport in September 2022, including a "revenue forecasting model that was consistently providing overly optimistic outputs."
Former Flexport CEO Dave Clark has removed the startup from his LinkedIn job history, in an apparent jibe at the company following his shock resignation.