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Venture Capital Startups

SoftBank-Backed Zume Plans to Lay Off 80% of Staff

Zume is the latest well-funded startup in deep trouble.  The food-logistics startup, last valued at about $2 billion, is planning to lay off about 400 of its 500 employees, including many that work in engineering, operations and corporate development, Business Insider reported.  Zume raised about $375 million from SoftBank’s Vision Fund in November 2018. Business Insider reported the company...

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