Freightos is cutting its workforce by up to 15 percent as the freight tech company seeks to reach adjusted profitability by year’s end.

The firm said in a statement that its restructuring is intended to support the long-term sustainable growth of its pricing, quoting and booking platform. The company also said it plans to continue leveraging advanced technology, including AI, to improve efficiency and streamline operations.

More from Sourcing Journal

Sources Say Dick's Sporting Goods Has Kicked Off Layoffs at Foot Locker

UPS Pulls Driver Buyout Program in 13 States After Teamsters Pushback

Amid Challenges, High-end Furniture Firm Natuzzi Battles With Italian Trade Unions Over 400 Jobs

As of Dec. 31, 2025, the company had 382 employees, meaning the company would be eliminating between 50 and 60 roles.

The headcount reduction is one of the first major shifts for Freightos under new CEO Pablo Pinillos, who has stressed cost discipline as a primary factor in reaching the breakeven goal by the fourth quarter.

Pinillos was appointed by the company’s board of directors as CEO earlier this month, officially dropping the “interim” tag he had held since January, when founding chief exec Zvi Schriebrer stepped down from the position.

“These types of decisions are very difficult, but this is a necessary step to ensure Freightos is positioned for long-term, sustainable growth in a dynamic market,” said Pinillos in a statement.

In a virtual conference in February, Pinillos said the cost discipline would fuel 50 percent of the company’s break-even push, with the other 50 percent coming from growth in operating margins.

“The expectation is that the costs will be flattening or even slightly going down through the year, and some OpEx cost reductions are expected from the investment in certain products, markets and marketing strategies,” said Pinillos. “We will be investing in different markets and divesting in other markets.”

Freightos currently estimates to incur approximately $1.3 million in one-time restructuring charges throughout the first nine months of the year, primarily related to severance and employee benefits. The company expects the restructuring to generate annualized cost savings of approximately $4.5 million, starting in the fourth quarter.

The staff reduction comes as major logistics and technology providers are dealing with cuts of their own.

A Freightos contemporary, WiseTech Global, is slashing its headcount by roughly 30 percent over the next two years, in which 2,000 of nearly 7,000 employees will be let go. C.H. Robinson has seen its own employment total dwindle from 14,990 in the first quarter of 2024 to 12,085 in the fourth quarter of 2025, a more than 19 percent decline in total employees.

UPS is reducing employment by 30,000 jobs in 2026, on top of 48,000 that already had been cut in 2025. Amazon made 30,000 job cuts of its own in the period through last fall into the start of this year.

Freight forwarding giant Kuehne+Nagel expects to lay off 2,000 full-time employees, a shade over 2 percent of its 85,000-employee staff, this year as part of its own $250 million cost-savings plan.

Block, the parent company of payments platforms Square and Afterpay, laid off more than 4,000 of its roughly 10,000 employees—a 40 percent haircut on its headcount. And various unconfirmed media reports have tied tech giants Meta and Oracle with staff cuts that would cut approximately 20 percent and 18 percent of their workforce, respectively.

Like the tech firms and WiseTech, Freightos is embedded in an industry—software—that is under significant pressure to maintain a lean operation as AI technologies demonstrate cost-cutting capabilities. In its own layoff announcement, WiseTech brass was open about the productivity benefits that led to the belt tightening, whether it be writing and reviewing code, performing complex customs classification or assessing trade compliance risk.

For Freightos, the supply chain technology company is aiming to curb losses that have lingered for years, with the company never turning a profit since making its public debut in January 2023.

Net losses for the freight booking software narrowed slightly in 2025 to $17.5 million, an improvement over the $22.5 million loss in the year prior. Adusted EBITDA, or pre-tax earnings, came in at an $11.2 million loss for the full year. This also inched up compared to adjusted pre-tax losses of $12.6 million in the year prior.

The losses narrowed as Freightos was able to boost its revenue for the year, with sales increasing 24 percent to $29.5 million.

For the upcoming year, adjusted EBITDA is expected to improve further to a range between losses of $6.9 million and $6.2 million.