Layoffs signal uncertain times in logistics tech sector

Recent layoffs and delayed public offerings in the logistics technology sector offer clues that economic uncertainty over the health of the freight market is mirrored in the software world.

Convoy and Stord, two of the most prominent technology names to emerge in the last decade, both raised money in 2022 and laid off employees in the past month. Photo credit: Shutterstock.com.

Recent layoffs and delayed public offerings in the logistics technology sector offer clues that economic uncertainty over the health of the freight market is mirrored in the software world.