Inside knowledge that layoffs are happening next Friday. 30% cut. Going to be steep. Also theme seems to be that the cuts are disproportionately affecting those in US and APAC. The company is imploding. Will be an interesting 60 minutes on how to destroy value in a company when the inexperienced founder with majority voting rights thinks he knows how to do things better. What a clown. #flexport #jobcuts
Yes, trans logistics team is out under Aakash
Hi Dave, how’s the job hunt going?
Anyone not directly contributing to RFP season is most at risk of being cut - including the quote and invoicing team - as those responsibilities are moving back to the account managers. The issues that have plagued Flexport for the past year + will get worse. Not sure how we retain customers and drive any new logo growth. Will be interesting to watch if I’m not cut on Friday.
They are moving back to the old “squad model” that didn’t scale and led to one-off requirements for customer deliveries. Not sure how that impacts the ops team yet but cuts will be felt there quite broadly too.
Will SMB be hit hard?
Almost definitely. SMB is way too bloated of an org.
Confirmed on wsj. Op wasn’t lying https://www.wsj.com/articles/flexport-plans-to-lay-off-30-of-workforce-3664315f
End of the month now?? Not next Friday??
Supposedly next Friday but maybe it’ll take longer than they expect to get all the names right.
I should have mentioned my source - Ted Boeglin. He’s been talking so openly about it that I’m sure he’s shared it with several other folks too. Weird thing is that he’s been talking about it as if he’s so privileged with being “in the know” and at the table making these decisions. It’s so immature and seems like he’s doesn’t realize that this impacts people’s lives! It’s infuriating.
Ted is an Elitist jerk who couldn’t sell to a client if he had to save his life. I heard he is the only demand sales leader who Sanne and Ryan have talked to. If that’s true, that means Ted is representing what sellers and customers need. That will be the nail in the coffin for flexport
Saw the Amazon logo because I'm guessing that's where you work now and almost pooped my pants
There’s never been any diversity allowed in decision making rooms. Also, the flexport blind is 🔥🔥 so I highly recommend.