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Layoff

A layoff is when a company temporarily or permanently reduces its workforce. This can happen for several reasons, such as financial difficulties, company business strategy changes, or technological advances that make specific jobs obsolete.

Getir plans to cut aggressive expansion plans.

Getir, the $12B instant delivery startup, plans to axe 14% of staff globally and cut aggressive expansion plans

It continues to be a very rough week for e-commerce companies in Europe. In the latest development, TechCrunch has learned and confirmed that Getir — the $12 billion quick commerce upstart that provides grocery essentials and sundries and promises delivery in minutes — is cutting 14% of its staff globally. […]

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