Flexport Plans to Lay Off 30% of Workforce

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Flexport plans to cut up to 30% of its workforce as company founder Ryan Petersen looks to shore up the freight forwarder’s finances following a sharp decline in revenue, according to a person familiar with the matter.This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.

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