Flexport is laying off 20% of its staff just weeks after its CEO left and the company purged his hires.
Flexport is a supply chain startup that had hired 23-year Amazon veteran Dave Clark as its CEO. After barely more than a year on the job, Clark resigned, citing differences with founder Ryan Petersen. Petersen took over as CEO following Clark’s departure, and immediately began firing executives Clark had hired and rescinding existing job offers.
The company is now laying off some 20% of its staff. Petersen sent an open email to employees Thursday to announce the layoffs were coming, although staff would have to wait till Friday to know exactly who was impacted.
“Today I have a difficult decision to share: We will reduce the size of our global team by approximately 20% with the process starting tomorrow, Friday, October 13,” Petersen wrote.