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

Self-driving tech corporation Argo AI said it laid off about 150 workforce on Thursday.

In a prepared statement, an Argo spokesperson mentioned the layoffs ended up element of “prudent changes to our business plan” as the firm plotted for upcoming expansion.

Former Argo workforce who worked in the company’s human resources, recruiting, specialized sourcing and communications divisions shared information of their layoffs on their respective LinkedIn profiles.

Argo’s workforce remains at far more than 2,000 staff members throughout the world, according to the spokesperson.

The Pittsburgh-based corporation has made and released new operations at a quickly clip in excess of the past 12 months.

In September, it started out a partnership with Walmart that concentrated on shipping and delivery companies in Miami, Washington, D.C., and Austin, Texas. That arrived in the same thirty day period Argo began autonomous screening in Munich.

In December, Argo partnered with Lyft and Ford on launching experience-hailing provider in Miami, a city which is been at the forefront of the company’s total AV initiatives for many years. Two months in the past, Argo commenced screening AVs without human security motorists driving the wheel in Miami.

Layoffs would not hinder the expansion of individuals partnerships, the Argo spokesperson mentioned, nor slow any of the firm’s programs to develop business services all over its self-driving methods.

Ford Motor and Volkswagen Group are important investors in Argo.