Instacart lays off 250 employees, or 7% of its workforce, to ‘reshape' company

Grocery-delivery giant Instacart announced today that it’s laying off around 250 employees, or roughly 7% of its global workforce, as part of a restructuring. Instacart CEO Fidji Simo said in a letter to investors that the layoffs will allow the company to streamline how it operates. The company announced the layoffs alongside the release of its fourth-quarter earnings.“Today, we made the tough decision to part with approximately 250 of our talented team members,” Simo wrote in the letter. “This will allow ...