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CRGO / Freightos laying off 13% of employees as revenue weakens

Freightos, a digital marketplace for international air and ocean shipping, announced Tuesday that it will reduce staff levels by 13% and lowered its full-year outlook again in an effort to stem mounting losses as revenues fall short of expectations because of a prolonged downturn in freight markets. The news is the latest example of the ongoing freight recession taking a financial toll on companies in the freight transportation space. Read More

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Content Topics

Freightos

Laying

Employees

Revenue

Weakens

Stock

CRGO

Posted: Jul 11 2023, 19:00

Author Name: FreightWaves

CRGO News

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