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Bay Area-based Iron Ox has certainly had no shortage of supporters. The agtech firm has raised north of $100 million, culminating with聽a $53 million Series C announced in September of last year. But earlier this week, the robotic agtech startup instituted widespread layoffs. All told, 50 jobs were cut this week, a figure that amounts to nearly half of the company staff of just over 100 people. Chief Legal Officer Myra Pasek tells TechCrunch that the decision was
air force 1 made in order to extend [its] cash runway. Pasek adds:We ;ve decided to hyperfocus on our core competence of engineering and technology; as a r
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jordan e eliminated many roles that are not core to our renewed focus. However, the layoff was comprehensive and included positions throughout the organization i.e., not limited to only certain departments.Reducing the Iron Ox team was a painful decision one we did not take lightly. We are working with our board members and leaning Iiug BukuWarung a fintech for Indonesian MSMEs scores $60M Series A led by Valar and Goodwater
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