Phantom Auto Layoffs
March 2024
Phantom Auto announced a layoff affecting 100 employees (100% of its workforce) in March 2024. The company operates in the Transportation sector.
100
100%
Mar 12, 2024
About
Phantom Auto, a remote driving startup in the autonomous vehicle industry, is shutting down after seven years, laying off its entire workforce of just over 100 employees. The shutdown, announced in March 2024, resulted from the company's inability to secure new funding in a difficult market, despite having raised $95 million total and nearing a deal. At its peak, the company employed about 120 people. This closure reflects broader challenges in the AV sector, where fading investor buzz and missed deployment timelines have led to a wave of consolidations and shutdowns.
More Transportation Layoffs
Report an Error
If you find incorrect information, please let us know so we can correct it.
support@layoffs.nl