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.
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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.
