Convoy Lays off 7% workforce

Convoy laid off 7% of its staff Thursday, becoming the latest tech company to slash headcount amid an uncertain economic environment.

A spokesperson for the Seattle trucking marketplace startup confirmed the layoffs to GeekWire. Convoy said it employed 1,300 people in April, when it raised a $260 million investment round at a $3.8 billion valuation, so the cuts affected around 90 employees.

“We have made a number of organizational and other operating expense-related changes to ensure we are in the strongest financial position possible ahead of the potential for worsening economic conditions,” the spokesperson said in a statement.

Related Stories

Follow us for Latest Layoffs Updates & News

Latest Layoffs