Seattle-based logistics company Flexe has laid off a small number of employees, the company confirmed to the Business Journal on Wednesday.
According to a company spokesperson, Flexe made adjustments to its hiring plan and was slightly overstaffed, resulting in layoffs "to a small handful of employees on the recruiting team." The move comes just weeks after Flexe raised a $119 million Series D round and reached a value of more than $1 billion earlier this month.
"We expect to continue growing other teams at Flexe, particularly customer-facing roles. We are grateful for the contributions of the impacted people, and are assisting where we can as they transition to new opportunities," the spokesperson wrote in a message to the Business Journal.
In early July, Flexe had more than 460 employees, according to co-founder and CEO Karl Siebrecht, about two-thirds of whom were based in the Seattle area. That number is up from the roughly 200 employees the company had in March of 2021.
The company is also moving its headquarters from Pioneer Square to roughly 50,500 square feet of warehouse and office space in Sodo Row.
Flexe, founded in 2013, offers on-demand warehouse and fulfillment services, turning warehouse space into a variable cost rather than a fixed cost. Great Jones and Ace Hardware are both clients of Flexe. At the time of its Series D round, Flexe said it worked with six of the 10 largest retailers and four of the five largest consumer packaged goods companies.
Flexe isn't the only Seattle-based company to face layoffs this week. On Wednesday, Seattle-based real estate tech startup Flyhomes confirmed the company is laying off about 20% of its staff. Flyhomes had roughly 820 employees as of January and raised a $150 million Series C round in June 2021.
