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☆ Flexport CEO Ryan Petersen tells employees 'get back to work people' amid rumors about layoffs that could come as soon as Friday
▼ + stars: | 2023-10-12 | by ( Madeline Stone | ) www.businessinsider.com time to read: +3 min

Flexport employees are bracing for layoffs they believe could come as soon as Friday. Meanwhile on Slack, Flexport CEO and founder Ryan Petersen told employees "Get back to work people!" The comment, which was viewed by Insider, came in response to a set of questions an employee posed about executives' tips for success. Insider first reported that Flexport was planning layoffs on September 7, the day after its former CEO Dave Clark departed. The next day, Petersen hinted at more changes through a series of posts on X, formerly known as Twitter, saying, "Strategic Plan, Day 1: Make better decisions!"

Persons: Slack, Flexport, Ryan Petersen, " Petersen, Dave Clark, Petersen, Clark, Madeline Stone Organizations: Employees, Street, Amazon, Shopify Logistics Locations: Amazon, Flexport, mstone@insider.com

☆ Flexport will lay off 20% of the company starting Friday, leaked memo says
▼ + stars: | 2023-10-12 | by ( Madeline Stone | ) www.businessinsider.com time to read: +6 min

Insider first reported on September 7 that Flexport was planning layoffs , the day after its former CEO Dave Clark departed. Team,Today I have a difficult decision to share: We will reduce the size of our global team by approximately 20% with the process starting tomorrow, Friday, October 13. We will also maintain a small team of dedicated recruiters to help departing Flexport employees look for their next opportunity. This team will work closely with over 300 companies that have expressed an interest in hiring departing Flexporters to match opportunities with impacted employees. We see endless opportunities for technology to improve on-time performance and reliability, upgrade compliance processes, and save businesses money in their global supply chain.

Persons: Flexporters, Flexport, Dave Clark, Petersen, You'll, we'll, Ryan Organizations: Street, Team, People, Employees Locations: U.S, Canada, Europe, Africa, Asia

"I'm very, very lucky because I wouldn't have had the courage to go and do that acquisition, but I give all the credit in the world to Dave Clark," Petersen said. "There's a perfect complement of skill sets," Petersen told Forbes in June 2022. Petersen told Clark he should engage with Shopify's team, according to a person with direct knowledge of the negotiations. Clark, Petersen and Wagers met in Texas in mid-August to fine-tune the forecasts. Flexport told CNBC that an employee's politics are not relevant in personnel decisions.

Persons: Dave Clark, Ryan Petersen, he'd, Petersen, Clark, excoriated Clark, we've, Clark wasn't, Jeff Bezos, It's, Flexport, Clark overspent, Flexport's, He'd, Sanne Manders, Dave, Shopify, Tobias Lutke, Lutke, Shopify's, glanced, didn't, Fund's Trae Stephens, Michael Ronen, SoftBank, Andreessen Horowitz, Bob Swan, Samyukta Lakshmi, Kenny, Stuart Leung, pare, Leung, —, Lindsey Wasson, Clark's, Stephens, Peter Thiel, Trump's, Petersen's, Sen, Joe Manchin, Chris Ferro, Ferro, Parisa Sadrzadeh, couldn't, Amazon, Sadrzadeh, Burak Yolga, Yolga, Nelly Organizations: North, Amazon, Twitter, CNBC, UPS, FedEx, Milken Institute Global Conference, Bloomberg, Getty, Forbes, Deliverr, Shopify's, Anduril Industries, Intel, Intel Corp, U.S ., Clark, Republican, Founders Fund, Democratic, Street Journal, Flexport Locations: Phoenix, Silicon, Clark, Beverly Hills , California, U.S, Flexport, Deliverr, Miami, Flexport's Bellevue , Washington, Bengaluru, India, Flexport's, Asia, U.S . West Coast, Texas, Ohio, Arizona, Thiel's, West Virginia, Seattle, integrations

☆ Just 11 people were responsible for most 2021-2022 school book challenges. A Virginia woman challenged 71 out of the 73 books she read.
▼ + stars: | 2023-10-01 | by ( Katie Balevic | ) www.businessinsider.com time to read: +2 min

Over half of all book challenges made in the 2021-2022 school year came from just 11 adults. One woman said she read 73 books, scanning for sexually explicit content, and challenged 71 of them. Book challenges, once a school library issue, are becoming a community-wide library issue. According to an analysis by the Post, 60% of book challenges made in the 2021-2022 school year came from the same 11 adults. A library staffer told the Post that nearly a dozen people spent 40 hours per week just on Petersen's book challenges.

Persons: —, Jennifer Petersen, Petersen Organizations: Service, Spotsylvania County Public Schools, The Washington Post, Post, New York Times Locations: Virginia, Spotsylvania

☆ Sam Altman says AI systems will automate some tasks but also lead to 'new and much better jobs'
▼ + stars: | 2023-09-30 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Sam Altman said in a post on X that the strength of AI systems is automating tasks, not jobs. Altman also admitted, however, that AI might be able to do some of today's jobs in the future. AdvertisementAdvertisementAs rapid advances in AI reshape the way we work, many workers are fretting about whether their jobs might be replaced. "Important point here: These systems are much better at doing tasks than jobs," he wrote in a post on X on Friday. Altman added that he's not "trying to hide the ball" on the fact that AI systems will be able to perform "today's jobs" in the long run.

Persons: Sam Altman, Altman, —, Ryan Petersen, Petersen, Flexport, Goldman Sachs, OpenAI Organizations: Service, McKinsey

☆ Flexport fires CFO, HR chief departs weeks after sudden ouster of Dave Clark as CEO
▼ + stars: | 2023-09-27 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +4 min

Three weeks after Flexport founder Ryan Petersen fired Dave Clark as CEO and returned to run his supply chain software startup, the company has ousted its chief financial officer, and its human resources chief has resigned, CNBC has learned. Flexport informed CFO Kenny Wagers last week that he was being let go, according to people familiar with the situation. Clark and Petersen worked as co-CEOs of Flexport starting last September, and Clark took over as the company's sole CEO in March. Stuart Leung will become Flexport's Chief Financial Officer and report to Ryan Petersen, CEO, effective immediately. WATCH: Flexport CEO Petersen on company's plan to reinvest profits

Persons: Ryan Peterson, Ryan Petersen, Dave Clark, Flexport, Kenny, Stuart Leung, Leung, Petersen's . Petersen, Clark, Jeff Bezos, Petersen, Peter Thiel's, Jennifer Boden, Boden, Darcie Henry, Michael Brown, Stuart, Jennifer, " Petersen, Henry, Teresa Carlson, Tim Collins, Kelly Cheeseman, Andreessen Horowitz, SoftBank, it's, excoriated Clark, — CNBC's Rohan Goswami Organizations: Flexport Inc, CNBC, Amazon, Fund, Restructuring, Founders Fund Locations: San Francisco , California, U.S, Flexport, Shopify, Andreessen

☆ Recruiters say Flexport CEO's decision to rescind dozens of job offers days before some were due to start is 'sick' and 'lousy'
▼ + stars: | 2023-09-10 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +5 min

Flexport's CEO Ryan Petersen said on X that it's rescinding dozens of job offers. Recruiters point out that rescinding job offers is not uncommon – and not illegal. Roman later told Insider that Flexport's decision might also set a new precedent for how people think about job offers. He also noted that rescinded offers have been among the "most challenging" situations he's had to deal with in his professional life. In June 2022, cryptocurrency platform Coinbase rescinded job offers via mass emails — a decision that at least one recipient denounced as "unprofessional."

Persons: Ryan Petersen, Nick Roman, Roman, I'm, Olivier, Schreiber, Philipp Slappnig, he's, Petersen, Flexport, we've, shakeup, Dave Clark, Clark, Flexport's Organizations: Service, LinkedIn, Amazon Locations: Wall, Silicon

☆ Flexport CEO says he's rescinding job offer letters for candidates joining as soon as Monday: 'I have no ideas why more than 75 people were signed to join'
▼ + stars: | 2023-09-08 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Flexport CEO Ryan Petersen announced on X that the company was rescinding dozens of job offers. The rescinded job offers come after Petersen reclaimed his role as CEO on Wednesday. On Wednesday, former Flexport CEO Dave Clark announced he was leaving the company less than a year after departing from his role as CEO of Amazon's consumer business to join Flexport. AdvertisementAdvertisement"It's clear that important changes are needed to sustain our growth and return to profitability," Petersen wrote. Petersen, Clark, and a spokesperson for Flexport did not immediately respond to a request for comment.

Persons: Ryan Petersen, Petersen, Steve Jobs, Dave Clark, Clark, FreightWaves, Insider's Eugene Kim, Madeline Stone, he'd, Flexport Organizations: Service, Flexport, Flexport's, Wall Street Locations: Wall, Silicon

☆ Flexport told employees to expect cost-cutting and possibly job cuts, a day after its CEO's sudden departure
▼ + stars: | 2023-09-08 | by ( Eugene Kim | Madeline Stone | ) www.businessinsider.com time to read: +3 min

Flexport told employees Thursday to expect cost-cutting and a possible reduction in workforce. Flexport founder Ryan Petersen said the company needs changes to "return to profitability." Flexport is considering cutting part of its corporate workforce, following Wednesday's sudden departure of CEO Dave Clark. The overarching message was that Flexport was spending too much money, and the company needs to focus more on helping customers, the people said. In it, he emphasized the need to return to profitability and focus on customers' needs.

Persons: Flexport, Dave Clark, Ryan Petersen, Clark, Ryan Petersen's, Petersen, Clark's, Eugene Kim Organizations: Amazon Locations: Amazon

☆ Flexport had an executive exodus days before Dave Clark's surprise departure as three ex-Deliverr leaders left
▼ + stars: | 2023-09-08 | by ( Madeline Stone | ) www.businessinsider.com time to read: +3 min

The exodus came before former CEO Dave Clark announced his departure on Wednesday. Flexport was experiencing an exodus of executives before former CEO Dave Clark announced his sudden resignation on Wednesday. Clark, who was Amazon's worldwide consumer CEO before joining Flexport last September, announced his departure on X, formerly known as Twitter, on Wednesday. In his post, Clark cited the desire of Flexport founder and former CEO Ryan Petersen to return to his role leading the company. During a company town hall on Thursday, Flexport executives told employees that cost-cutting measures were on the way , possibly including job cuts, multiple sources said.

Persons: Flexport, Dave Clark, — Artur Rivilis, Flynn Fishman, Stephanie New —, Rivilis, Fishman, Slack, Shopify, Clark, Ryan Petersen, Freightwaves, Petersen, Tobi Lütke Organizations: Flexport, Shopify Logistics Locations: Deliverr, ,, Flexport, San Francisco , Los Angeles, Dallas, New York, Amazon, mstone@insider.com

☆ New Flexport CEO Dave Clark is shaking up the top of Ryan Petersen's $8 billion supply-chain startup
▼ + stars: | 2022-09-21 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +4 min

Former Amazon boss Dave Clark took his seat as the co-CEO of Flexport on September 1. Petersen told The Verge that Clark will have more direct reports than he did when he was sole CEO. On September 1, former Amazon Global Consumer CEO Dave Clark officially took his spot as co-CEO of the supply chain unicorn. He took the role of senior vice president of operations at Flexport on September 12, and reports directly to Clark. On the podcast, Petersen touted Clark's decisiveness as a key asset.

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