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Delivery startup Veho makes corporate job cuts

The company said the layoffs are part of a "reorganization of our corporate team to improve efficiencies and accelerate our path to profitability."

“We conducted a reorganization of our corporate team to improve efficiencies, accelerate our path to profitability and be able to invest more in areas that directly impact our clients’ needs and our growth,” according to a company statement sent to TechCrunch. The logistic technology company, founded in 2016 by Itamar Zur and Fred Cook, is going after the last-mile section of delivery — how packages get from fulfillment centers to the customer’s door. That was after announcing$125 million in Series A funding two months prior, the round that pushed Veho into unicorn territory.

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