Mar. 26 at 11:12 AM
$CRGO Freightos announces cost optimization plan, 15% global workforce reduction
Freightos announced a cost optimization plan that includes a global workforce reduction of up to 15%, to improve operating efficiency and support its previously communicated path to adjusted EBITDA breakeven by the end of 2026. The company currently estimates to incur approximately
$1.3M of one-time restructuring charges, primarily related to severance and employee benefits, throughout the first nine months of the year. Freightos expects the restructuring to generate annualized cost savings of approximately
$4.5M, starting Q4 2026.