Gro Intelligence Layoffs
February 2024
Gro Intelligence announced a layoff affecting 20 employees (10% of its workforce) in February 2024. The company operates in the Food sector.
20
10%
Feb 15, 2024
About
In late January, Gro Intelligence, a New York- and Nairobi-based AI-powered agricultural and climate data insights startup, laid off approximately 20 employees, representing 10% of its workforce. The cuts, described as board-mandated "workforce adjustments" to reduce costs, were implemented abruptly, with affected staff notified on a brief company call. While the company, which raised an $85 million Series B in 2021, boasts a strong product and clientele ranging from agribusiness to governments, industry sources suggest challenges in sales execution and focus may be hindering growth. The layoffs occur amid a broader venture capital downturn, with Gro reportedly seeking additional funding through a convertible note as it aims for stability and its next stage of development.
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