Posted on August 11, 2022
Beleaguered robotics startup Zume just laid off two-thirds of its remaining employees, roughly 200 staffers, as the funding it needed to survive failed to materialize in a post-coronavirus VC market. In a cruel twist of fate, employees were supposed to be notified of the cuts via Zoom, the video conferencing software with a similar sounding name but at the last minute cofounder and CEO Alex Garden instead sent a company-wide email Wednesday announcing the changes.
The cuts leave Zume, which was once valued by private investors at more than $1 billion and had nearly 1,000 employees including specialists in robotics and AI, with roughly 100 staffers focused on a business creating compostable food packaging.
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