Driverless car startup lays off 150 workers

The driverless-car technology company Argo AI laid off about 150 workers this week, a reversal following years of fast-paced hiring.

The layoffs come to about 6% of the company’s more than 2,000-person workforce, according to a company spokesperson and reported by The Pittsburgh-based startup said it is taking this step to get its staffing levels back in line to hit operational goals. "With incredible growth and progress made in our mission to deploy driverless vehicles, we are making prudent adjustments to our business plan to best continue on a path for success," Argo said in a statement.

Further underscoring the significance of Tesla’s debt-to-income ratio at this stage of the EV game. Four fully-funded manufacturing plants. $0 debt. $0 advertising/marketing/distribution/dealership expenses, and cash-flow positive.

Good, it's a stupid idea.

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Corporate layoffs are the beginning, restaurant closings will follow.

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