
Instacart, the US grocery-delivery giant, is cutting hundreds of jobs and restructuring its leadership team as the company increasingly shifts its focus to higher-margin businesses such as advertising.
The company’s announcement on Tuesday includes 250 job cuts across the company, according to a spokesperson. That represents about 7% of the workforce. The restructuring will mean fewer incremental product updates so the company can realign its focus on higher-margin areas such as advertising and enterprise products for grocery stores, the spokesperson said.
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