Zume Layoffs
April 2020
Zume announced a layoff affecting 200 employees (67% of its workforce) in April 2020. The company operates in the Food sector.
200
67%
Apr 15, 2020
About
Zume, a troubled SoftBank-backed robotics startup, laid off approximately 200 employees on April 15, 2020, representing two-thirds of its workforce after earlier cuts in January. This drastic reduction left the company with about 100 staffers, down from nearly 1,000 at its peak when it was valued over $1 billion. The layoffs were driven by failed funding efforts, exacerbated by the COVID-19 pandemic, which caused investors to withdraw and disrupted supply chains and customer contracts. The cuts affected two major divisions, including Zume Forward and the Gigaranch team, shifting the company's focus to compostable food packaging amid financial struggles and executive departures.
Related Events
More Food Layoffs
Report an Error
If you find incorrect information, please let us know so we can correct it.
support@layoffs.nl