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Postmates lays off dozens employees, closes Mexico City office

Postmates laid off dozens of workers in San Francisco, Los Angeles, Nashville and other cities, according to CNBC. The food delivery service planned on having an IPO in the second half of the year, but is currently looking for a buyer. Yahoo Finance’s Adam Shapiro, Julie Hyman, Scott Gamm and Invesco Chief Strategist Kristina Hooper discuss on On The Move.