Posted on August 03, 2022
Project44, a supply chain real-time visibility provider, confirmed Friday it has cut 63 global employees, just about 5% of its global workforce.
According to founder and CEO Jett McCandless, the cuts impacted “no load-bearing positions” and were directed toward eliminating an overscaled recruiting department and repositioning the organization’s global operations to focus on engineering as the company doubles down on its solutions for customers.
“We know it was a difficult day for all team members, particularly those who are leaving us,” McCandless said. “I am grateful for the important roles they played in our success up to this point. Our priority is to support them through this time, and we will be providing severance packages and career placement services.
“While this was not an easy decision to make, restructuring our organization keeps us on a path of success, provides the opportunity to improve efficiency and collaboration, and allows us to better address the evolving needs of our customers. It further strengthens the financial health of the business and helps us to continue growing through economic uncertainties.”
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