Instacart Announces Layoffs and Executive Departures Amid Restructuring

Despite increased revenue, the grocery delivery giant is cutting 7% of its workforce and focusing on AI and efficiency.

Instacart announces layoffs of 250 employees, about 7% of its workforce, as part of a restructuring effort.
The layoffs come despite a reported increase in revenue, with fourth-quarter earnings of $803 million.
Three top executives, including the COO, CTO, and chief architect, are also leaving the company for personal reasons.
Instacart is focusing on AI capabilities and a flatter organizational structure to improve efficiency and profitability.
The company also authorizes a $500 million share buyback, signaling confidence in its financial health.