EDEN PRAIRIE, Minn. — Global logistics giant C.H. Robinson Worldwide Inc. is laying off 650 workers.
Company officials made the announcement on Thursday, Nov. 10, and all affected workers are receiving assistance as they transition to other jobs.
C.H. Robinson cited market conditions and recent efforts to become more efficient as reasons behind the layoffs.
In a Nov. 3 earnings report, the company cited a 12.4% increase in operating expenses, the majority of which came from personnel, which increased 9.4% to $437.5 million.
“As we said last week in our Q3 earnings, changes in market conditions, coupled with many successful endeavors on our digital roadmap directed at scaling our model to be more efficient, mean we are in a position to reduce our overall cost structure,” Duncan Burns, chief communications officer at C.H. Robinson, said.
“As a result, we’re eliminating some positions at C.H. Robinson. These are not easy decisions, because we recognize the significant contribution of the impacted employees. We have tried to approach this with as much respect and empathy for our former colleagues as possible and are providing transition assistance.”
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