RetailUS
Stockwell AI Layoffs
June 2020
Stockwell AI announced a layoff affecting 0 employees (100% of its workforce) in June 2020. The company operates in the Retail sector.
People Affected
0
Percentage
100%
Announced Date
Jun 15, 2020
About
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.
Source
View Sourcelayoffs.fyiMore Retail Layoffs
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