The supply-chain-software company Flexport—not long ago one of the nation’s hottest startups, with a valuation of $8 billion—has shed an estimated 80% of its value and is seeing an exodus of executives, including chief legal officer Chris Ferro.

In an email to Law.com this week, a spokesperson for the San Francisco-based company confirmed the departure, saying,  “We are grateful for Chris Ferro’s contributions to Flexport during his tenure, and we wish him the best in his future endeavors.”