Self-driving tech firm Argo AI stated it laid off about 150 workers on Thursday.
In a written assertion, an Argo spokesperson stated the layoffs had been a part of “prudent adjustments to our business plan” as the corporate plotted for future development.
Former Argo workers who labored within the firm’s human sources, recruiting, technical sourcing and communications divisions shared information of their layoffs on their respective LinkedIn profiles.
Argo’s workforce stays at greater than 2,000 workers throughout the globe, in response to the spokesperson.
The Pittsburgh-based firm has developed and launched new operations at a quick clip over the previous 12 months.
In September, it began a partnership with Walmart that centered on supply providers in Miami, Washington, D.C., and Austin, Texas. That got here in the identical month Argo started autonomous testing in Munich.
In December, Argo partnered with Lyft and Ford on launching ride-hailing service in Miami, a metropolis that is been on the forefront of the corporate’s total AV efforts for years. Two months in the past, Argo began testing AVs with out human security drivers behind the wheel in Miami.
Layoffs wouldn’t hinder the expansion of these partnerships, the Argo spokesperson stated, nor sluggish any of the corporate’s plans to develop industrial providers round its self-driving techniques.
Ford Motor and Volkswagen Group are main traders in Argo.