Stockwell AI, a San Francisco Bay Area-based smart vending machine startup, is shutting down entirely on July 1, resulting in a 100% layoff of its workforce. The closure stems from severe industry challenges during COVID-19, including sanitation concerns and reduced foot traffic, which caused business losses of up to 90% in the vending machine sector. While the exact number of employees affected is not specified, the shutdown impacts all departments as the company winds down operations.
