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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.
Rebel Foods, a cloud kitchen startup operating under brands such as Oven Story, Behrouz Biryani, Sweet Truth, and Faasos, has laid off around 2% of its employees. The company, which Sequoia backs, said that the layoffs resulted from an annual performance evaluation and realigning the organization to align with the […]
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. […]