Softbank-backed Zume to shutter robotic pizza business

SoftBank-backed Zume is laying off 360 employees, representing about half its staff, and shuttering its robotic pizza-making and delivery business. CEO Alex Garden said the company is creating 100 new positions in its food packaging unit. It's another black eye for SoftBank's Vision Fund, which has seen several portfolio companies suffer through layoffs in recent months after a lackluster debut from Uber and the abandoned WeWork IPO. CNBC's Deirdre Bosa reports.
Wed, Jan 8 20203:04 PM EST