(CNBC) Instacart plans to lay off about 250 employees. Shares of the company fell 5% in extended trading. The layoffs are focused in part on middle management and creating a flatter organizational structure, according to Instacart, as well as focusing teams on larger projects, such as advertising efforts on Roku, Google Ads and more.
Instacart to lay off 250 employees, or about 7% of the company, as part of restructuring
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