Argo AI LLC, an autonomous car firm, announced its closure in late October. Two months later, the corporation revealed how many positions are being lost in the Bay Area.
The corporation filed a WARN letter with the state Employment Development Department, stating that it had laid off 259 Palo Alto workers as part of a company-wide shutdown. Globally, the company employed approximately 2,000 individuals.
The Pittsburgh-based corporation, which maintained a Palo Alto office at 1450 Page Mill Rd, began layoffs in the Bay Area on November 1. Argo AI executive Jennifer Honick notified state and local governments in a letter made public Tuesday that the final wave of layoffs would take place on or after Dec. 31.
The firm announced its closure on October 26 after its two main sponsors, Ford Motor Co. and Volkswagen AG, decided they would no longer support it. Ford and Volkswagen, on the other hand, have stated that they will absorb the company’s intellectual property and other assets.
According to Argos website, CEO Bryan Salesky and President Peter Rander founded the company in 2016 after holding executive positions at other AV organizations. According to the Pittsburgh Business Times, the Silicon Valley Business Journal’s sister publication, the company began to show symptoms of wear in July when it slashed 5% of its personnel and closed its facilities in Washington D.C.
