Digital freight platform Convoy has announced another round of layoffs.
The company, based in Seattle, told GeekWire on Monday the cuts were to the customer-experience operations team. Convoy did not state how many jobs were affected.
In February, Convoy went through a restructuring, leading to an undisclosed number of employees being laid off. With the reduction in staff, the company closed its location in Atlanta, which had opened in 2018. Convoy did not immediately respond to FreightWaves’ request for comment.
The news from Convoy comes days after company co-founder Grant Goodale announced he would be stepping down as chief experience officer by the end of the month. Goodale has been with the company since it began in 2015.
It also follows similar restructuring and employee reduction seen by many FreightTech companies since Q4 of 2022, including Amazon, FourKites, project44, Tive, Flock Freight, Uber Freight, Loadsmart and GXO Logistics.
As freight demand has cooled, technology companies have slimmed down operations, focusing on customer fulfillment while also showcasing profitability to shareholders and investors.
This is a developing story.
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