Memo: Zume cuts another 200 employees after funding falls through - Business Insider

just laid off two-thirds of its remaining employees, roughly 200 staffers, as the funding it needed to survive failed to materialize in a post-coronavirus VC market. In a cruel twist of fate, employees were supposed to be notified of the cuts via Zoom, the video conferencing software with a similar sounding name but at the last minute cofounder and CEO Alex Garden instead sent a company-wide email Wednesday announcing the changes.

"We have seen our supply chain impacted and our customers delay or cancel business with us that would have generated revenue," Garden said in Wednesday's email, which was obtained by Business Insider. 'We have recently had no less than three potential investors back out of investment with Zume due to COVID-19's impact on their businesses," he continued.

The layoffs affected two of the three remaining business divisions within the company and were largely seen as an extension of the company's shifting strategy announced in December that contributed to layoffs in January. In January, the company effectively shuttered Zume Forward, its pizza-making robotics and food truck delivery operation.

Robotics can be very hard or it can be very simple. But do collaborate.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DataStax laid off ~15 employees in its third cut under CEO Chet Kapoor - Business InsiderSince CEO Chet Kapoor joined DataStax late last year, the startup — expected to IPO in 2019— has undergone three rounds of layoffs. What am I missing? Why is 15 such a big number when millions are currently being laid off.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Amazon fires employees critical of its response to COVID-19: report - Business InsiderAmazon claims it supports employees' right to criticize the company, but said the workers violated 'internal policies.' Shouldn't they be protected as 'whistle blowers '?
Source: BusinessInsider - 🏆 729. / 51 Read more »

The 5 grant programs the government is using to fund US innovation - Business InsiderAwards in the 5 grant programs range up to the millions of dollars and cover everything from vaccine development to no-contact research efforts. To make CCP go red in the face and suffer ignominy...US has to discover the antidote.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Pork farmers facing disaster say they may kill pigs to cut losses - Business InsiderThe National Pork Producers Council said the number of baby pigs that are euthanized will 'soar dramatically' if the government does not intervene. Weren't they going to kill them anyway?🤷‍♂️🤷‍♂️ Ooor... here me out... Donate them to small time farmers The media cares more about baby pigs than human babies.
Source: BusinessInsider - 🏆 729. / 51 Read more »