Posted on August 06, 2022
In light of the COVID-19 pandemic, Transfix has restructured and streamlined its operations, resulting in 24 full-time employees leaving the company this week,” Lily Shen, chief executive officer of Transfix, told FreightWaves on Wednesday, April 29. “Transfix’s executive team and founders have volunteered to take a compensation reduction during this time.”
A source familiar with the company told FreightWaves “the news was shocking and unfortunate.”
In mid-March, Shen took over the helm as the company’s new chief executive officer as Drew McElroy stepped aside to become chairman and chief operating officer of the digital freight brokerage he co-founded with Jonathan Salama in 2013. Salama serves as the startup’s chief technology officer.
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