Nuro, the autonomous delivery startup, is laying off 20 percent of its staff, or about 300 employees, the company said in an email to employees that was later published online. (TechCrunch was first with the news.)

The company’s founders said it grew too rapidly in the past year thanks to an abundance of capital and a growing sense of competition. But Nuro has since run into economic headwinds that are challenging the entire tech industry, and it could no longer sustain the size of its workforce. The layoffs were the latest piece of bad news to hit the AV industry, which just saw one of its more prominent names, Argo AI, shut down in recent weeks.

“Laying off team members is always the last resort, but unfortunately it was needed after…

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