0 Shares EmailFacebookTwitterLinkedInThis afternoon, Crunchbase News obtained a letter from Zume CEO Alex Garden to his staff, explaining that Zume Pizza has effectively shuttered, as it doubles down on “compostable molded-fiber packaging.” The company said that only 53 percent of its workforce was laid off, as opposed to earlier reports of 80 percent.

Today our mission is the same, and requires the same bold thinking, but with increased focus.”Garden then mentioned that the 2020 strategic plan would “strongly support” Zume’s packaging business.

In June, Crunchbase News wrote a story about Zume’s acquisition of Camarillo-based Pivot Packaging.

In the story, Garden explained that Pivot provides a “flurry of tech” and machinery that helped Zume create its plastic-replacement boxes, and will help Zume cater to more markets.

Zume has also acquired Pivot’s 10-person staff, Garden told me back in June. | To read full story, visit https://startuparound.com/read/1578700806.4661655/Memo-From-Zume-CEO-Says-No-More-Pizza,-Just-Packaging?ref=audio_experience