SoftBank-led a $120 million investment in the Los Angeles company in 2020.Another SoftBank-backed tech firm is laying off staffers, Insider has learned. The layoffs come as VC firms push for profits over scale amidCEO Alex Canter"As a fast-growth startup, we must adapt to the changing market and are restructuring our organization to strategically focus on current opportunities.
In 2019, Canter, a fourth-generation restaurateur c0founded Nextbite, which licenses delivery-only brands to restaurants looking to optimize their kitchens and increase sales. Nextbite's portfolio of more than ainclude Packed Bowls by Wiz Khalifa, George Lopez Tacos, and 'Wichcraft sandwiches by Tom Colicchio.
Feels like another kune moment.. failingstartups
1st inning, recession
Cutting staff is never great. Just don’t cut the wrong people.🙏🏼
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