Freightos launches cost cuts to reach profitability by 2026

Freightos announced a cost optimization plan to improve efficiency and reach Adjusted EBITDA breakeven by the end of 2026.

The company will reduce its global workforce by up to 15%. It aims to lower costs while supporting long-term growth of its freight pricing, booking, and procurement platform.

Despite the cuts, Freightos will continue investing in key growth areas. These include pricing, procurement, and booking solutions. The company will also expand the use of AI to streamline operations and improve efficiency.

CEO Pablo Pinillos said the decision was difficult but necessary. He stressed that the company remains focused on building the world’s leading digital freight platform and improving value for customers and shareholders.

Freightos expects one-time restructuring costs of about $1.3 million. It projects annual savings of around $4.5 million starting in Q4 2026.

The company said the plan supports sustainable growth while strengthening its position in a changing global freight market.