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SoftBank-Funded Zume Reportedly Lays Off 80% Of Staff

In a little over a year, pizza-making robot startup Zume has gone from getting $375 million from SoftBank, to pivoting to food packaging through an acquisition, to raising at a reported $4 billion valuation, to its latest: laying off 80 percent of its employees, as reported by Business Insider.

I need not say more, but I can: days after WeWork’s CEO, Adam Neumann, departed due to investor pressure, reports came out that another real estate company, Compass, also invested in by SoftBank, has been facing a large executive exit as well.

For example, Axios reported that SoftBank is cutting its ties with startup investments, even after signing term sheets.

Bottom line: Zume, one of the biggest capital-backed companies in the pizza startup space, was raising money at a $4 billion dollar valuation in November.

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