Ford-backed self sufficient automobile startup Argo AI lays off 150 workers

Ford-backed self sufficient automobile startup Argo AI lays off 150 workers

Argo AI, an self sufficient automobile startup sponsored via each Ford and Volkswagen, has laid off about 150 workers, as reported previous via Bloomberg and The Wall Boulevard Magazine. The transfer is meant to offset a length of speedy expansion, by which the corporate employed extra workers than wanted.

“With fantastic expansion and development made in our challenge to deploy driverless cars, we’re making prudent changes to our marketing strategy to best possible proceed on a trail for good fortune,” Argo AI mentioned in an emailed observation received via Bloomberg. The Verge reached out to Argo AI with a request for remark however didn’t instantly pay attention again.

As famous via the WSJ, the layoffs make up about 6 p.c of the Pittsburgh-based corporate’s 2,000-person staff. Argo AI used to be based in 2016 via Bryan Salesky, the previous head of {hardware} construction for Google’s self sufficient cars (AVs), and Peter Rander, who in the past served as an engineering lead for Uber’s self-driving department. Ford injected $1 billion into the corporate in 2017, and Volkswagen adopted up with a $2.6 billion funding in 2020.

This investment has allowed the corporate to construct out its AV trade in numerous US towns in addition to out of the country. Argo AI is lately within the technique of trying out totally self sufficient cars in Miami and Austin and plans on partnering with Lyft in each towns. It’s additionally teaming up with Walmart to deploy a driverless supply carrier in Miami, Austin, and Washington, D.C., and is operating against its function of launching an automatic rideshare carrier with Volkswagen in Germany via 2025.

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