https://layoffcheck.com/companies/forto Layoff and WARN notices reported for Forto. en-us https://layoffcheck.com/companies/forto#2025-04 https://layoffcheck.com/companies/forto#2025-04-388 Sat, 12 Apr 2025 12:00:00 GMT Berlin-based digital freight forwarder Forto cut around 200 jobs in April 2025, eliminating over one-third of its roughly 700-person workforce in one of its deepest restructurings since founding. Sales teams bore the brunt of the reductions. The company, which had raised approximately 500 million euros from backers including SoftBank and Northzone at a peak valuation of $2.1 billion, cited a shift toward "sharpening commercial priorities" and deploying AI to drive operational excellence. The layoffs came shortly after a leadership change: co-founder Michael Wax stepped down as CEO in February 2025, with former CFO Guillaume Petit-Perrin taking the top role. Employees described the termination meetings as impersonal, with HR representatives reading prepared statements without empathy. Forto had also cut staff in 2022 and 2023. No severance details were disclosed. https://layoffcheck.com/companies/forto#2022-11 https://layoffcheck.com/companies/forto#2022-11-2800 Fri, 11 Nov 2022 12:00:00 GMT Forto reported a workforce reduction in Berlin in November 11, 2022.