Nuro plans for more layoffs as the AV sector’s economic woes deepen

Robot delivery startup Nuro announced plans to layoff a portion of its workforce and to pause its commercial operations as it pivots to more research and development. The news comes amid a broader set of financial challenges for the burgeoning autonomous vehicle sector.

Nuro grew too rapidly in recent years thanks to an abundance of capital, a zero interest rate environment, and a growing sense of competition. But the company has since run into economic headwinds that are …

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