Flexport Founder Criticizes Successor's Hiring Strategy, Announces Cost-Cutting Measures Including Rescinded Job Offers
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Flexport founder Ryan Petersen publicly criticized the hiring strategy of his handpicked successor Dave Clark, former Amazon exec.
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Petersen announced Flexport will rescind 55 job offers and look to sublease office space to cut costs.
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Petersen questioned why Flexport had over 200 open roles under Clark and said most have been cancelled.
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Key hire under Clark, Teresa Carlson, is no longer with Flexport after just over a year.
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Petersen said the company has over $1 billion in cash but remains unprofitable, and he aims to get costs under control.