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Convoy announces a third round of layoffs
Truck Industry Tech
Feb 16, 2023
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Truck Industry Tech

Truck Industry Tech

Feb 16, 2023

Convoy announces a third round of layoffs

Management news

  • Convoy, a digital freight matching platform, announced its third round of layoffs within a year. The company also announced plans to close its Atlanta office. 

  • The changes are part of the company's plan to change its customer service model while also focusing on increasing the efficiency and profitability of the business. 

  • Convoy previously announced layoffs in October and June 2022, citing economic uncertainty and the possibility of a recession. 

  • Analyst QuickTake : Convoy is the latest truck tech player to announce layoffs in 2023. In January Uber Freight laid off 3% of its workforce citing a drop in demand arising from negative economic conditions, while Waymo announced layoffs for a limited number of roles with plans to temporarily pull back on fully autonomous deployment for freight trucking. Meanwhile in February Rivian announced a second round of layoffs in order to adjust to challenging economic conditions and pricing pressures.

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