Coyote Logistics Announces Workforce Reduction Program
Coyote Logistics introduces "voluntary separation" program for high-level employees, marking its fourth staff reduction in 2023.
Coyote Logistics targets senior managers and directors in its latest effort to trim its workforce during the freight market downturn.
- Voluntary Separation Program: Employees offered the choice to leave with severance.
- Fourth Reduction This Year: Following layoffs in January, May, and September.
This initiative is part of Coyote's broader optimization strategy, with affected employees getting the chance to accept voluntary separation packages. While it’s a fully voluntary program, there's a hint that those who opt not to leave might face eventual layoffs.