Robot delivery startup Nuro is laying off 20 percent of its workers

Nuro, the autonomous delivery startup, is laying off 20 percent of its staff, or about 300 employees, the company said in an email to employees that was later published online. (TechCrunch was first with the news.)

The company’s founders said it grew too rapidly in the past year thanks to an abundance of capital and a growing sense of competition. But Nuro has since run into economic headwinds that are challenging the entire tech industry, and it could no longer sustain the size of its workforce…

Laying off team members is always the last resort, but unfortunately it was needed after other options were exhausted,” co-founders Dave Ferguson and Jiajun Zhu wrote. “This result is on us; we doubled the size of our team in less than two years and significantly increased our operating expenses, assuming the funding environment would remain strong. This was a mistake.”