Self-driving tech firm Argo AI lays off about 150 employees

Self-driving tech enterprise Argo AI claimed it laid off about 150 workers on Thursday.

In a created assertion, an Argo spokesperson mentioned the layoffs have been component of “prudent adjustments to our small business plan” as the organization plotted for foreseeable future development.

Former Argo staff who labored in the company’s human assets, recruiting, complex sourcing and communications divisions shared news of their layoffs on their respective LinkedIn profiles.

Argo’s workforce continues to be at additional than 2,000 staff members across the world, in accordance to the spokesperson.

The Pittsburgh-based organization has formulated and released new operations at a rapidly clip in excess of the earlier year.

In September, it started a partnership with Walmart that centered on delivery providers in Miami, Washington, D.C., and Austin, Texas. That arrived in the similar thirty day period Argo commenced autonomous screening in Munich.

In December, Argo partnered with Lyft and Ford on launching journey-hailing assistance in Miami, a metropolis which is been at the forefront of the firm’s all round AV endeavours for several years. Two months back, Argo began testing AVs without the need of human protection motorists at the rear of the wheel in Miami.

Layoffs would not hinder the advancement of those people partnerships, the Argo spokesperson said, nor slow any of the company’s plans to build industrial solutions all over its self-driving methods.

Ford Motor Co. and Volkswagen Group are significant traders in Argo.