Self-driving tech firm Argo AI laid off an undisclosed variety of staff Thursday.
The firm declined to say what number of staff had been let go. A supply with direct information of the layoffs mentioned they affected a mid-single-digit share of the corporate’s general work pressure.
In a written assertion, an Argo spokesperson mentioned the layoffs had been a part of “prudent adjustments to our business plan” as the corporate plotted for future progress.
Former Argo staff who labored in human assets, recruiting, technical sourcing and communications divisions shared information of their layoffs Thursday on their respective LinkedIn profiles.
Argo’s work pressure stays at greater than 1,600 staff throughout the globe, in keeping with the spokesperson.
The Pittsburgh-based firm has developed and launched new operations at a quick clip over the previous yr.
In September, it began a partnership with Walmart that centered on supply companies 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 general 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 mentioned, nor gradual any of the corporate’s plans to develop industrial companies round its self-driving methods.
Ford Motor Co. and Volkswagen Group are main traders in Argo.