Coyote offers ‘voluntary separation’ program to high-level employees

Freight broker Coyote Logistics is looking to again reduce its workforce as it struggles with a dramatic freight downturn that has squeezed revenue across the brokerage sector.

The staff reductions are expected to target those in senior manager and director roles, according to a person familiar with the matter. Affected employees will have the opportunity to accept a severance and leave voluntarily, the person said.

In a statement, Chicago-based Coyote said that to “support current optimization initiatives, a small number of employees are being given the opportunity to pursue voluntary separation.” It did not respond to queries as to how many employees might be affected.

A Coyote spokesman said that “since this is a fully voluntary program, it is each employee’s decision if they wish to stay with the organization.”