Flexport, a logistics business with $2.7 billion in venture capital and debt investment, plans further layoffs.
Information said that the company will cut 20% of its jobs in the next few weeks. Flexport communications chief Liyan Chen emailed Eltrys saying that he would not comment on the report.
In October, founder Ryan Petersen returned as CEO of freight forwarding and brokerage firm Flexport and eliminated 20% of its staff, affecting 600 people. 
Another round of Flexport layoffs would complete a dismal January for tech workers, as giants and startups have cut tens of thousands of jobs. The timing of San Francisco-based Flexport’s cutbacks would be unusual.
Flexport announced a $260 million Shopify investment last week. In May, Shopify sold its logistics business to Flexport for 13% interest, deepening their relationship.
Other Flexport investors include Softbank and Andreessen Horowitz.
