Nuro Layoffs
November 2022
Nuro announced a layoff affecting 300 employees (20% of its workforce) in November 2022. The company operates in the Transportation sector.
300
20%
Nov 18, 2022
About
In November 2022, autonomous delivery startup Nuro laid off approximately 300 employees, representing 20% of its workforce. The company, backed by major investors like SoftBank and Google, cited the need to preserve cash amid challenging economic conditions. Co-founders attributed the cuts to over-hiring during the strong fundraising environment of 2021, which clashed with the economic headwinds of 2022. This restructuring followed a period of rapid growth, including a $600 million funding round a year prior that had valued Nuro at around $8.6 billion.
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