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Instacart Stock Rallies on Upbeat Outlook, 7% Staff Reduction

Adjusted Ebitda at the grocery-delivery company Instacart came in higher than management had told investors to expect.

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Instacart cuts 250 jobs, COO departs

The company’s stock dropped about 5% in after-hours trading, following Q4 earnings

Asha sharmaChief operating officer asha sharma

Instacart announces layoffs, departure of chief operating officer

Maplebear Inc. the company better known as the grocery-delivery platform Instacart said on Tuesday that it was laying off around 250 people, or around 7%.

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Instacart misses Q4 estimates, job cuts part of restructuring to ad business (CART)

Instacart misses Q4 estimates, job cuts part of restructuring to ad business (CART)
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Instacart Cuts 250 Jobs in Push for Higher-Margin Businesses

(Bloomberg) 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. Most Read from BloombergWall Street Caught Off Guard by ‘Sticky’ CPI Signs: Markets WrapMusk Says Putin Can’t Lose in Ukraine, Opposes Senate BillPutin Seeks Revenge on a World Order He Once Wanted to JoinUS Inflation Tops Forecasts in Blow to Fed Rate-Cut HopesRetail Traders Are Lo

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