Coyote Logistics, a major player in the freight brokerage sector, is set to make workforce reductions as it grapples with a significant downturn in freight, impacting revenues across the industry. The company plans to target senior manager and director roles in the staff reductions, marking the fourth round of layoffs this year.

Employees in affected roles will be given the option to voluntarily accept a severance package and leave. Coyote, headquartered in Chicago and operating under the Supply Chain Solutions unit of UPS Inc., emphasized that this is part of its ongoing optimization initiatives.

In a statement, Coyote mentioned, "To support current optimization initiatives, a small number of employees are being given the opportunity to pursue voluntary separation." The company did not disclose the exact number of employees affected.

A Coyote spokesman stated that the program is fully voluntary, and employees can decide whether to stay with the organization. However, insiders suggest that those not opting for the voluntary separation package may eventually face layoffs.

This move follows previous rounds of layoffs in January, May, and September. According to LinkedIn data from September, Coyote's total headcount was down 7% over the past two years and down 2% over the past six months. Coyote Logistics continues to adjust its workforce in response to the challenges presented by the current freight downturn.