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

Post by ProAm » Wed, Jan 11, 2023, 9:20 PM UTC

bkor wrote: post #40

ProAm wrote: post #37

Earlier quoted context omitted.

> Where did you get the impression that two is fine? That part was a joke because of Flexport's layoffs due to lack of volume. The stacking is probably a separate topic compared to the success of his business, but was just stating why his name and company are familiar on HN. I personally believe they should stack them vertically vs horizontal stacking to save space so they are always accessible vs 2-3-4 high. (also a…

I still don't get the bit where you say 2 high is standard. It's not. Though US port infrastructure is special, it's very outdated/inefficient compared to pretty much the rest of the world.

Post by coolbreezetft22 » Wed, Jan 11, 2023, 9:25 PM UTC

Post by panda88888 » Wed, Jan 11, 2023, 9:27 PM UTC

globalise83 wrote: post #42

CityOfThrowaway wrote: post #29

Earlier quoted context omitted.

Interesting that they say: > At Flexport, 2023 is going to bring extraordinary velocity – we are in the process of doubling our software engineering talent and moving to single threaded business organizations to build world class products faster, and we will continue to invest in delivering best-in-class operational execution for our customers. Looks like they are laying off non-tech workers who they have made (or wi…

moving to single threaded business organizations What does that even mean? They are only able to do one thing at a time? Doesn't sound like a recipe for business success to me...

Post by marcosdumay » Wed, Jan 11, 2023, 9:27 PM UTC

ghaff wrote: post #32

trimbo wrote: post #26

Earlier quoted context omitted.

"2 Gs", in the US at least, means "two thousand" (G as in Grand)

I wouldn't immediately parse that abbreviation in the US--but if I did I'd parse it as G being shorthand for grand. More commonly 2Gs would be used for 2x the normal force of gravity--i.e. you weigh twice as much.

Post by moneywoes » Wed, Jan 11, 2023, 9:31 PM UTC

akavi wrote: post #16

msoad wrote: 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…