Maplebear (CART) has released an update.
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The Company’s Board has launched a Restructuring Plan to streamline operations and workforce, reducing its global workforce by 7%, which will incur $19 to $24 million in related charges. Asha Sharma will step down as Chief Operating Officer, and the Company is doubling its share repurchase program to $1 billion, with repurchases based on market conditions and not bound by a fixed amount or end date.
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