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Flexport is laying off 20% of its workforce

cnbc.com

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Re: Flexport is laying off 20% of its workforce

#62
post #51

Earlier quoted context omitted.

"We're hiring" ads from YC companies get special placement on the front page, and (AFAIK) they always have comments turned off. Nothing nefarious about that.

I know that, but I think these hiring posts should allow comments. It is suspicious to me that they don't. If these companies are truly as great a place to work as they claim to be, then they should be able to very easily defend that in a comment thread. The silence from a lack of discussion on these hiring posts is deafeaning.

The rationale against YC job ads comments, FWIW: https://news.ycombinator.com/item?id=10299432>

Otherwise, HN moderates YC and YC-company stories less:

https://news.ycombinator.com/item?id=34937269>

Re: Flexport is laying off 20% of its workforce

#64

Earlier quoted context omitted.

It's not about bums. It's about returns. My comment is so real, I can send you invoice and pictures.

If we assume a 50/50 split with the helper, and we assume that he can do one of those jobs every day of the week, then his GROSS receipts are only a little under twice my post-deductions cash NET. When we include my stock and bonus and factor in his costs and taxes, it looks even worse for the plumber. It's good to know that plumbers make decent money. (And they SHOULD make much, much more.) But I will stick with pro…

Plumber does not do 50/50. I'm not kidding, the helper could not speak any English. And now, I end up explaining it. If you don't bring measurable value, you are dispensable regarding of HR speak.

Re: Flexport is laying off 20% of its workforce

#66
Unfortunate, yet unsurprising. I always looked to Flexport to drive the logistics industry forward, but they are still limited by the extreme inefficiencies between ocean carriers, customs brokers, warehouses and truckers.

There’s no standardized data format that can be handed off at each step without human involvement. It would be optimal to have an algorithm handle the ocean freight, import clearance, and booking the warehouse and trucker to handle it from there.

Maersk took a shot at a standardized data system and called it quits due to limited support. But Maersk does have a platform offering realtime rates on container bookings on their own vessels, import clearance, and trucking through their platform. I believe other carriers like MSC and ONE-Line are following this approach to get their customers on board.

What’s promising is that if one major carrier does succeed with a standardized data process, they can more easily integrate it within the ocean carrier alliance that they are part of. The 3 major ocean carrier alliances control 83% of global capacity. This seems like a more straightforward way to take a stab at setting a standard for millions of containers moving worldwide. Large companies would plug in and to manage their supply chains using their logistics suite, and smaller companies would simply use the ocean carriers dashboards.

For now it appears that it’s still cheaper to hire from the worldwide supply of low paid logistics workers than it is to get everyone on a unified system.

Re: Flexport is laying off 20% of its workforce

#67
post #51

Earlier quoted context omitted.

I know that, but I think these hiring posts should allow comments. It is suspicious to me that they don't. If these companies are truly as great a place to work as they claim to be, then they should be able to very easily defend that in a comment thread. The silence from a lack of discussion on these hiring posts is deafeaning.

They’re not posts, they’re native ads.

Then they should allow native comments

Re: Flexport is laying off 20% of its workforce

#68

Earlier quoted context omitted.

What's stopping you from doing this since it's incredibly lucrative?

I mark it up. I am a builder. The point is, you need to bring measurable value.

This works up and to the point where people can't afford it (largely due to rising interest rates). Construction/remodeling is still in insane pricing mode right now. The bigger companies will string it out by offering financing but even that is limited again due to interest rates.

Re: Flexport is laying off 20% of its workforce

#69
post #18
post #17

Earlier quoted context omitted.

"I evaluated every role in the company and its relationship to solving important supply chain problems for our customers, which made me realize that myself and the entire C-suite are useless parasites, but we have to cut costs somewhere, so ¯\_(ツ)_/¯"

The article says CFO and head of HR were also let go.

The CFO and head of HR were not let go as part of this round of layoffs, they were fired shortly after Dave Clark left. [0]

[0]https://www.cnbc.com/2023/09/27/flexport-loses-cfo-hr-chief-...

Re: Flexport is laying off 20% of its workforce

#70
post #51

Earlier quoted context omitted.

I know that, but I think these hiring posts should allow comments. It is suspicious to me that they don't. If these companies are truly as great a place to work as they claim to be, then they should be able to very easily defend that in a comment thread. The silence from a lack of discussion on these hiring posts is deafeaning.

The rationale against YC job ads comments, FWIW: https://news.ycombinator.com/item?id=10299432 > Otherwise, HN moderates YC and YC-company stories less : https://news.ycombinator.com/item?id=34937269 >

Can it be called rationale really? Saying job ads aren't intellectually interesting is an argument against job ads. Not for blocking comments. It was a business decision obviously.
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