Supply chain software startup Flexport plans to cut approximately 20% of its global workforce as part of a new round of layoffs that’s expected to begin on Friday, CNBC has learned.

Flexport CEO Ryan Petersen sent a note to staffers Thursday afternoon informing them of the job cuts, according to a copy of the memo viewed by CNBC. The company will inform employees of whether they’re impacted or not via email beginning Friday morning, Petersen wrote.

“Today I have a difficult decision to share: We will reduce the size of our global team by approximately 20% with the process starting tomorrow, Friday, October 13,” Petersen wrote.

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