Sources: Flexport plans to lay off ~20% of workforce, its third round of cut in just over a year; it has ~2600 employees after cutting 20% of staff in October (Theo Wayt/The Information)

Theo Wayt / The Information:
Sources: Flexport plans to lay off ~20% of workforce, its third round of cut in just over a year; it has ~2600 employees after cutting 20% of staff in October  —  Flexport plans to lay off nearly 20% of its workforce in the coming weeks, representing several hundred roles, according to people familiar with the matter.