Convoy Closes Following Job Cuts; CEO's Farewell Message to Employees

Convoy revealed on Thursday that it is ceasing operations. Despite securing $260 million in funding with a $3.8 billion valuation not too long ago (about 18 months ago), this announcement follows Flexport's news of having to let go of 20% of its staff just one week prior.

Source: https://www.cnbc.com/2023/10/19/bezos-backed-freight-firm-convoy-shuts-down-read-ceo-memo-here.html