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SoftBank-backed Zume To Eliminate Half Of Staff

SoftBank-backed Zume will laying off 360 employees, representing about 50 percent of its workforce. It will shut down its robotic pizza-making and delivery business to focus on food packaging.

Zume said it is creating 100 open roles in the Source Packaging unit that employees can reapply for it.

SoftBank invested $375 million in Zume in 2018, giving the start-up a $1 billion valuation.

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