Pandion, a parcel delivery service based in Bellevue, Washington, is shutting down due to a tough funding landscape and market challenges, as announced by CEO Scott Ruffin. The company will cease operations immediately, having canceled inbound packages and scheduled a final dispatch for remaining shipments. Employees will receive their last paycheck on January 15, with no severance due to financial constraints. Despite a $41.5 million funding boost in March, the company struggled to scale amid a cooling market and increasing competition, ultimately leading to its closure.

Source: https://www.supplychaindive.com/news/pandion-parcel-delivery-shuts-down/737142/