Coyote Logistics, a Chicago-based freight brokerage and subsidiary of UPS Inc. (NYSE: UPS), has confirmed that it recently reduced its workforce in the sales and operations departments. The company has not disclosed the specific number of employees affected nor the percentage of its total workforce these cuts represent.
This announcement follows a series of layoffs within the company, marking the fourth round of job reductions in 2023. The layoffs are part of Coyote’s strategy to realign its “Sales and Operations structures with the needs of our business,” according to a statement provided to FreightWaves. The company expressed that these changes were necessary to adjust its workforce and corporate structures to better meet evolving business needs.
Coyote emphasized the importance of its employees and noted that it has taken measures to minimize the impact on its staff. The affected employees are being offered comprehensive severance packages and outplacement services to assist them during the transition.
The news of the layoffs was communicated to employees early Friday morning via an email from Coyote’s human resources department, which described the decision as a difficult one and offered support from leadership and HR during this period. Further details about the restructuring are expected to be shared by the new CEO, Sandeep Pisipati, who took over the role in September following Jonathan Sisler.
This news comes in the same week as another Chicago-based digital brokerage, Uber Freight (NYSE: UBER), announced it would be cutting as many as 50 jobs. The logistics sector, particularly in Chicago, appears to be undergoing adjustments as companies reevaluate their operational needs and workforce alignment.
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