Food automation startup Picnic lays off employees, becoming the latest tech company to cut headcount in a tech downturn.
A company spokesperson confirmed the cuts to GeekWire on Wednesday. The Seattle startup has not provided information on its latest headcount or positions affected. The company has about 100 employees, according to LinkedIn.
“Due to the current economic climate, we have had to make the difficult decision to downsize our company and say goodbye to some of our colleagues,” Picnic CEO Clayton Wood said in a LinkedIn post Wednesday. writing.
Startups are advised to cut headcount to cut costs and expand cash runways. Tech companies in the Pacific Northwest have laid off thousands of people in the past two months.
Founded in 2016, Picnic has raised over $20 million to sell its food assembling robots to restaurants and hospitality companies around the world.
A food automation company sells a pizza-making robot called the Picnic Pizza System. This machine helps one employee produce up to 100 of her 12-inch customized pizzas per hour.
Picnic announced a partnership with pizza giant Dominos in September. We also work with Ole Miss, Ohio State University, and many local pizza restaurants and automation partners around the country. Wood said the layoffs won’t affect those partnerships and the company plans to have installations in the United States and Canada.
“Until economic conditions improve, we are operating as lean and efficient as possible without impacting our mission or core business,” he wrote.
