Autonomous delivery startup Nuro to lay off 30% of workforce
https://techcrunch.com/2023/05/12/autonomous-delivery-startup-nuro-to-lay-off-30-of-workforce/
Autonomous delivery robot startup Nuro will lay off 30%, or about 340 employees, across the company as part of a restructuring meant to extend its capital runway.
Earlier this week, Nuro co-founders Dave Ferguson and Jiajun Zhu explained in a blog post that the company would cut staff and shift resources away from commercial operations and toward R&D. Nuro will pause plans to ramp up commercial operations this year and delay volume production of its Nuro bot — the third-generation, or R3, delivery robot designed to be the flagship of its commercial strategy. Nuro will be able to operate twice as long by making these changes, giving it enough capital to operate another three years without raising more money, according to Ferguson and Zhu.