News Formal

Walmart-backed DroneUp is cutting jobs as drone delivery market struggles

  • 📰 CNBC
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 72%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

DroneUp has been fulfilling some orders for Walmart, and is one of several companies vying to make delivery by drone a reality.

and others in the nascent drone delivery market, is cutting jobs across the company, CNBC has learned.

Founded in 2016, DroneUp has a fleet of quadcopter-style drones that are designed to handle the last-mile portion of the delivery process, ferrying things like clothing, medication and food from warehouses to customers' doorsteps.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

Executives are less worried about inflation. Walmart and Target earnings could disagreeWhen Walmart and Target report results in the week ahead, analysts expect another quarter of consumer needs massively eclipsing consumer wants.
Source: MarketWatch - 🏆 3. / 97 Read more »