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

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

#11
post #7

Earlier quoted context omitted.

At some point I wondered if flexport had bought hacker news or something like that to be seeing their ads so frequently.

No, Pachyderm bought HN.

Funny, it's one of these companies that screams "we are hiring!" everywhere but looking at their Linkedin employee growth it's basically flat for more than a year.

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

#12
post #10

>> It is also hiring some 350 to 400 engineering and software staff, as it focuses on efficiency and technology. Is it safe to say the Global Trade is down but there is still demand (for now) for tech efficiencies.

So far, it is still a good time to be a software engineer.

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

#13
post #2

I don't know what Flexport is, all I know is that it was the only jobs ad in Hacker News for a long time

This is the guy that got famous during the pandemic for suggesting ports stack containers 3 or 4 levels high vs the standard of 2 [1] [2] Turns out 2 is just fine.

[G] https://www.npr.org/2021/11/03/1051773672/a-look-at-whats-ca...

[H] https://news.ycombinator.com/item?id=28957379

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

#15
post #2

I don't know what Flexport is, all I know is that it was the only jobs ad in Hacker News for a long time

I have a message from them in my linkedin inbox from January 3rd (8 days ago) telling me about exciting opportunities there.

> You’d be joining at an exciting time, Flexport is in a hyper-growth stage

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

#16
post #2

I don't know what Flexport is, all I know is that it was the only jobs ad in Hacker News for a long time

YC-funded freight forwarding company. Basic thesis is by using tech, you can dramatically lower the labor costs of forwarding, and since freight forwarding has huge returns to scale, the benefits compound. They raised 2 G$ from 2019-2022, and their CEO used that warchest to expand counter-cyclically through the pandemic. TBD if either of the two theses pan out.

Freight forwarding itself is the industry of coordinating the logistics of freight shipment, ie subcontracting with physical movers of goods (ocean carriers/railroads/trucking companies) and dealing with customs/legal requirements involved in the movement of goods

(Disclaimer: former FP employee and current shareholder)

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

#18
post #16
post #2

I don't know what Flexport is, all I know is that it was the only jobs ad in Hacker News for a long time

YC-funded freight forwarding company. Basic thesis is by using tech, you can dramatically lower the labor costs of forwarding, and since freight forwarding has huge returns to scale, the benefits compound. They raised 2 G$ from 2019-2022, and their CEO used that warchest to expand counter-cyclically through the pandemic. TBD if either of the two theses pan out. Freight forwarding itself is the industry of coordinatin…

They raised two gillion??

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

#19
post #18
post #16

Earlier quoted context omitted.

YC-funded freight forwarding company. Basic thesis is by using tech, you can dramatically lower the labor costs of forwarding, and since freight forwarding has huge returns to scale, the benefits compound. They raised 2 G$ from 2019-2022, and their CEO used that warchest to expand counter-cyclically through the pandemic. TBD if either of the two theses pan out. Freight forwarding itself is the industry of coordinatin…

They raised two gillion??

G => SI prefix for 10^9

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

#20
post #2

I don't know what Flexport is, all I know is that it was the only jobs ad in Hacker News for a long time

Totally! I was literally spammed by FP recruiters .. hyper growth, hyper growth ... and now you see it ... give me a break!
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