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Instacart to lay off 250 employees, or about 7%, as part of restructuring

  • Instacart plans to cut 250 jobs, about 7% of its workforce, to focus on "promising" initiatives.
  • The company's ad revenue growth has slowed down, causing concern among analysts.
  • Instacart's fourth-quarter total revenue fell short of expectations but it forecasted higher first-quarter gross transaction value and profit.
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  • 78% of the sources are Center
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Reuters broke the news in United Kingdom on Tuesday, February 13, 2024.
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