Flexport in Turmoil as Founder Ousts CEO, CFO and HR VP Depart, More Cuts Expected After Abandoning IPO Plans
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Flexport fired CFO Kenny Wagers and HR VP Jennifer Boden departed weeks after CEO Dave Clark was ousted.
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Founder Ryan Petersen reclaimed the CEO role, forcing out Clark after just over a year.
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Many Amazon executives hired by Clark have been fired since Petersen returned.
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Flexport is now in cost-cutting mode after previously targeting a 2025 IPO.
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The company laid off 20% of staff in January and more cuts are expected in the coming weeks.