Digital freight booking platform Freightos has announced a plan to cut 13% of its workforce in deteriorating market conditions.
The Nasdaq-listed company said letting 50 employees go is part of an operational efficiency plan aimed at reducing expenses, with the goal of adding $5.6m per year to adjusted Ebitda.
The Jerusalem-headquartered technology company, best known for containerised freight, reported an improved earnings outlook for 2023.
