Exclusive: Instacart Cuts Staff, Curbs Hiring in Run-up to IPORead Now

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Jessica Alba’s Honest Co. Files to Go Public

Jessica Alba’s Honest Company, which sells personal and baby care items, filed to go public. Honest Co. revealed in the IPO filing that it increased revenue 28% in 2020 to $300 million, while its operating loss fell by more than half to $13.5 million. About half of Honest’s revenue comes from sales done through Target, Amazon and Costco, between them, the filing showed. The company also...

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Instacart Cuts Staff, Curbs Hiring in Run-up to IPO
Instacart CEO Fidji Simo. Photo by Bloomberg.
Instacart has been letting go of staff, slowing hiring and curbing other expenses as it heads toward a public listing, when the grocery-delivery company will try to convince public investors that it can maintain its growth—and make a profit—as the economy slows. The San Francisco startup over the last two months has fired some of its more than 3,000 workers after holding midyear...
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