Logistics Startup Flexport Will Eliminate Hundreds More Jobs

The once-hot logistics startup Flexport Inc. plans to lay off hundreds of workers, according to a person familiar with the matter — the company’s latest effort to reposition itself during a global shipping industry slowdown.

Flexport will cut less than 20% of employees, said the person, who asked not to be identified because the information is private. The company currently has about 2,600 workers.

The move follows a $260 million investment in Flexport earlier this month from Shopify Inc. in the form of a convertible note. Shopify and Flexport have worked together before: Last year, Flexport bought the e-commerce ...