SoftBank-backed Zume Pizza to lay off up to 80% of its staff: Business Insider – Reuters

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(Reuters) – SoftBank-backed Zume Pizza, a Silicon Valley startup that aims to automate pizza delivery, plans to lay off up to 80% of its staff, Business Insider reported on Monday, citing sources close to the company.

The company raised $375 million from SoftBank in 2018. (bit.ly/36vPPdJ)

Reporting by Ankit Ajmera in Bengaluru; Editing by Shounak Dasgupta

Our Standards:The Thomson Reuters Trust Principles.

Source: Thanks https://www.reuters.com/article/us-zume-pizza-layoffs/softbank-backed-zume-pizza-to-lay-off-up-to-80-of-its-staff-business-insider-idUSKBN1Z5257