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Instacart announces layoffs and executive departures, but forecast tops estimates


Maplebear Inc. — the company better known as the grocery-delivery platform Instacart — said Tuesday that it was laying off around 250 people, or around 7% of its staff, as it tries to streamline its ranks and turn toward bigger, tech-driven ambitions.

Along with the layoffs, Instacart CART said Chief Operating Officer Asha Sharma notified the company of her plans to resign effective March 1. Chief Technology Officer Varouj Chitilian and Chief Architect JJ Zhuang are also departing. Management said they were are looking for…

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