Seattle-based logistics company lays off a third of its staff

But this is the second time in 14 months that Flexe has had to lay off its staff, as the company laid off an unspecified number of employees in its recruiting department back in July 2022.Many logistics companies have had to cut costs due to a softer freight market after expanding their employee levels during COVID-19 demand. Several other logistics and transportation firms have faced rounds of layoffs, according to Yahoo Finance.

In August, Yellow Corp. filed for bankruptcy, Knight-Swift Transportation initiated a round of layoffs in 2023, while Flexport laid off about 20% of its staff in January. Coyote Logistics and Uber Freight have also faced layoffs.

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