Categories: Automobile

Self-driving tech firm Argo AI lays off about 150 employees

[ad_1]

Self-driving tech company Argo AI laid off approximately 150 employees Thursday.

In a written statement, an Argo spokesperson said the layoffs were part of “prudent adjustments to our business plan” as the company plotted for future growth.

Former Argo employees who worked in the company’s human resources, recruiting, technical sourcing and communications divisions shared news of their layoffs Thursday afternoon their respective LinkedIn profiles.

Argo’s workforce remains at more than 2,000 employees across the globe, according to the spokesperson.

The Pittsburgh-based company has developed and launched new operations at a fast clip over the past year.

In September, it started a partnership with Walmart that focused on delivery services in Miami, Washington, D.C., and Austin, Texas. That came in the same month Argo began autonomous testing in Munich.

In December, Argo partnered with Lyft and Ford on launching ride-hailing service in Miami, a city that’s been at the forefront of the company’s overall AV efforts for years. Two months ago, Argo started testing AVs without human safety drivers behind the wheel in Miami.

Layoffs would not hinder the growth of those partnerships, the Argo spokesperson said, nor slow any of the company’s plans to develop commercial services around its self-driving systems.

Ford Motor Co. and Volkswagen Group are major investors in Argo.

[ad_2]
Source link
Admin

Recent Posts

Understanding QQKuda Slot Machine Features

QQKuda slot machines are a popular alternative among players who like a mix of fun,…

19 hours ago

Super Slot Games Review

Super slots provide the pinnacle of casino gaming with their interactive bonus rounds, captivating graphics,…

4 months ago

The Evolution and Impact of  Nanomedicine

Introduction to Nanomedicine Nanomedicine, a subfield of nanotechnology, involves the application of nanoscale materials and…

4 months ago

Chumba Online Casino Review

Chumba Casino provides an extraordinary online gaming experience. Its sweepstakes model allows players to win…

5 months ago

How to Find the Best Online Casinos to Play For Free

Online casinos provide quick, simple, and highly convenient gambling experiences for their players. Offering a…

5 months ago

How to Achieve a Flawless Complexion with the Right Products

Achieving a flawless complexion is a common skincare goal. With the right face care products, you can enhance…

5 months ago