Flexport slashes 20% of global workforce over weak 2023 volume forecast

Re:Flexport slashes 20% of global workforce over weak 2023 v... by calr on Wednesday January 11, 2023 @05:09PM (#34345717)

In my mind, Flexport is part of the "real" economy of moving atoms. They don't fall into the more fluffy "we are a startup that helps other startups start-up". I wonder if this is an early sign for a rough recession that spills outside of the current VC-backed tech slowdown.

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Re:Flexport slashes 20% of global workforce over weak 2023 v... by colechristensen on Wednesday January 11, 2023 @05:30PM (#34345968)

I’m not sure it’s that strong a signal, the covid effect on shipping meant that there was a huge backlog of stuff to ship which of course got worked through eventually. But yes one should expect an actual recession outside just shrinking the tech bubble.

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Re:Flexport slashes 20% of global workforce over weak 2023 v... by moffkalast on Wednesday January 11, 2023 @06:14PM (#34346477)

> we are a startup that helps other startups start-up

Well that's YCombinator in a nutshell.

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