Last week, Nuro co-founders Dave Ferguson and Jiajun Zhu announced that the company would reduce staff and shift resources away from commercial operations and toward R&D, reports TechCrunch.
Nuro Layoffs: Autonomous Delivery Robot Startup To Cut 30% of Its Workforce as Part of Restructuring.
Lyft's efforts to make itself leaner are costing employees. Lyft is laying off some of its employees again. The popular ride-hailing company has announced it is laying off 26% of its workforce and scaling back its hiring to reduce its spending and become profitable again.
Get latest articles and stories on Business at LatestLY. Godrej Consumer Products Limited has announced that it has entered into an agreement to acquire the fast-moving consumer business of Raymond Consumer Care Limited, a leading player in the deodorants and sexual wellness categories in India. Business News | Godrej Consumer to Acquire FMCG Business of Raymond Consumer Care.
Lyft announced that it will be laying off a significant number of employees. This decision was made by the newly appointed CEO David Risher during his first week in charge.
Lyft is set to lay off hundreds of employees as new CEO David Risher aims to bring down costs and lower fares to attract passengers back from rival Uber. The move marks the second round of layoffs for the ride-hailing service, as it struggles to regain market share amid declining ridership and plunging stock prices.