Posted on August 03, 2022
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 (read in full below).
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