DroneUp, a Walmart-backed startup competing alongside Amazon and others in the nascent drone delivery market, is cutting jobs across the company, CNBC has learned.
The Virginia-based company began informing staffers of the layoffs Monday morning, according to two people who lost their jobs and asked not to be named because they weren’t authorized to speak publicly on the matter.
Founded in 2016, DroneUp has a fleet of quadcopter-style drones that are designed to handle the last-mile portion of the delivery process, ferrying things like clothing, medication and food from warehouses to customers’ doorsteps.
Source: CNBC