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Cargomatic - an 'Uber for truckers' with high-profile VC investment - laid off 50% of its staff
2016-04-05 22:13:34| Trucking - Topix.net
Cargomatic, a Los-Angeles based logistics startup described as the "Uber for truckers" which has raised more than $10 million in funding, "blindsided" staff by laying off half of its workforce - around 50 to 60 employees - over the past couple of months, according to people familiar with the matter. What most surprised staff was that up until recently the three-year-old company, which provides an app to connect businesses that need to ship goods locally with nearby truckers who have capacity in their vehicles, had been on a hiring spree.
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Category:Transportation and Logistics