- Actions align with previously communicated path to Adjusted EBITDA breakeven by the end of 2026
- Continued investment in growth initiatives across pricing, procurement, and booking solutions that support largest global freight booking platform
BARCELONA, Spain, March 26, 2026 /PRNewswire/ -- Freightos Limited (NASDAQ:CRGO), the leading vendor-neutral global freight pricing, booking and procurement platform, today announced a cost optimization plan that includes a global workforce reduction of up to 15%, to improve operating efficiency and support its previously communicated path to Adjusted EBITDA breakeven by the end of 2026.
The restructuring is intended to support long-term sustainable growth of the Company's multimodal pricing, quoting and booking platform, in line with its strategy that remains unchanged: building the world's leading global freight pricing, booking and procurement platform. Freightos will continue investing in the solutions that underpin this platform, used by some of the world's largest global supply chain organizations. Freightos also plans to continue leveraging advanced technology, including AI, to improve efficiency and streamline operations.
The Company currently estimates to incur approximately $1.3 million of one-time restructuring charges, primarily related to severance and employee benefits, throughout the first nine months of the year. Freightos expects the restructuring to generate annualized cost savings of approximately $4.5 million, starting Q4 2026.