Flexport, a logistics firm with $2.7 billion in enterprise and debt funding, is reportedly planning extra layoffs.

That’s in line with Data, which stated the agency intends to eradicate round 20% of its roles within the subsequent few weeks. Flexport communications head Liyan Chen declined to touch upon the report in an electronic mail to TechCrunch.

Flexport, which offers freight forwarding and brokerage companies, introduced comparable cuts in October, when founder Ryan Petersen returned as CEO and slashed the corporate’s workforce by 20% — affecting about 600 employees. 

A further spherical of layoffs at Flexport would cap a brutal January for tech employees, as giants and startups alike have eradicated a mixed tens of hundreds of jobs throughout the business. Whereas San Francisco-based Flexport wouldn’t be an outlier for making cuts, the timing can be peculiar.

Simply final week, Flexport stated it’d raised an extra $260 million in funding from Shopify. The deal deepened the 2 corporations ties; again in Could, Shopify bought its logistics enterprise to Flexport in alternate for a 13% stake within the firm.

Flexport’s different buyers embody Softbank and Andreessen Horowitz.