[–] paulddraper 2y ago ↗ Flexport news is wild.How often do you see 20% layoff less than a week after raising $260M?https://www.flexport.com/blog/Flexport-Fundraise-2023/ [–] throwaway5959 2y ago ↗ https://youtu.be/iQdDRrcAOjAThe word has been out for a while on Flexport. [–] paxys 2y ago ↗ The $260M investment likely came with the directive of reducing operating costs. [–] paulddraper 2y ago ↗ "We think this opportunities merits an increased investment. But less investment than you are current making." [–] theultdev 2y ago ↗ Seems more like, we would like to increase investment on the condition that you use it more for X (???) and less for Y (people).Oh and all you companies do this all at the same time so no one loses stock value, kthxbye. [–] iouwhldkfjgklj 2y ago ↗ Operating costs are not an "investment". [–] paulddraper 2y ago ↗ They are.They are not the only kind though. [–] BillSaysThis 2y ago ↗ 20% is less than the 30% previously announced? [–] jameslars 2y ago ↗ I read this as 20% on top of the 30% that already happened 3 months ago. [–] tock 2y ago ↗ Flexport bought Shopify Logistics from Shopify barely a year ago. And now they raised money from Shopify. Their ownership in Flexport should be pretty significant now.
[–] throwaway5959 2y ago ↗ https://youtu.be/iQdDRrcAOjAThe word has been out for a while on Flexport.
[–] paxys 2y ago ↗ The $260M investment likely came with the directive of reducing operating costs. [–] paulddraper 2y ago ↗ "We think this opportunities merits an increased investment. But less investment than you are current making." [–] theultdev 2y ago ↗ Seems more like, we would like to increase investment on the condition that you use it more for X (???) and less for Y (people).Oh and all you companies do this all at the same time so no one loses stock value, kthxbye. [–] iouwhldkfjgklj 2y ago ↗ Operating costs are not an "investment". [–] paulddraper 2y ago ↗ They are.They are not the only kind though.
[–] paulddraper 2y ago ↗ "We think this opportunities merits an increased investment. But less investment than you are current making." [–] theultdev 2y ago ↗ Seems more like, we would like to increase investment on the condition that you use it more for X (???) and less for Y (people).Oh and all you companies do this all at the same time so no one loses stock value, kthxbye. [–] iouwhldkfjgklj 2y ago ↗ Operating costs are not an "investment". [–] paulddraper 2y ago ↗ They are.They are not the only kind though.
[–] theultdev 2y ago ↗ Seems more like, we would like to increase investment on the condition that you use it more for X (???) and less for Y (people).Oh and all you companies do this all at the same time so no one loses stock value, kthxbye.
[–] iouwhldkfjgklj 2y ago ↗ Operating costs are not an "investment". [–] paulddraper 2y ago ↗ They are.They are not the only kind though.
[–] BillSaysThis 2y ago ↗ 20% is less than the 30% previously announced? [–] jameslars 2y ago ↗ I read this as 20% on top of the 30% that already happened 3 months ago.
[–] tock 2y ago ↗ Flexport bought Shopify Logistics from Shopify barely a year ago. And now they raised money from Shopify. Their ownership in Flexport should be pretty significant now.
12 comments
[ 0.26 ms ] story [ 44.4 ms ] threadHow often do you see 20% layoff less than a week after raising $260M?
https://www.flexport.com/blog/Flexport-Fundraise-2023/
The word has been out for a while on Flexport.
Oh and all you companies do this all at the same time so no one loses stock value, kthxbye.
They are not the only kind though.