Months after raising a multimillion-dollar funding round, one of Boston's so-called "unicorn" companies is cutting dozens of jobs.
Boston-based Indigo Ag Inc., an agriculture-technology startup that uses microbiology research to help farmers replace chemicals and fertilizers and increase crop yield, is cutting 80 jobs across its Boston and Memphis locations, as well as remote roles, the company told the Business Journal.
Liz Graham, COO of Indigo Ag, wrote in an email that the jobs eliminated are across the board, with the reductions taking effect on Tuesday.
In an emailed fact sheet, Indigo said that 25 roles were eliminated in Boston, 29 in Memphis and 26 among remote employees. Following the cuts, Indigo's total headcount will be at over 1,000 people across the U.S., with 472 people employed in Boston and 242 in Memphis, according to Graham.
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