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We grew our headcount too fast and face severe economic headwinds, says CEO Will Shu Deliveroo, the online food delivery company, has announced plans to cut 350 jobs, about 9% of its workforce, in response to the current economic situation. The company’s CEO, Will Shu, acknowledged the company’s rapid headcount […]
In a significant restructuring move, Getir has announced its decision to lay off over 10% of its global workforce, translating to 2,500 jobs. This decision comes after diminishing demand in the rapid grocery delivery sector post-pandemic. Having acquired its competitor, Gorillas, in a £1.2bn deal the previous year, Getir currently […]
Getir, the ultrafast grocery delivery platform, has decided to pull out of Spain, Italy, and Portugal. This strategic move aims to concentrate the company’s financial resources on markets that present more robust opportunities for operational profitability and sustainable growth. This decision follows reports by the Spanish trade union CCOO in […]
Deliveroo, a London-based food delivery appointment that operates worldwide, has announced its plans to exit the Netherlands market. The exit was due to the surge in losses as investment costs ate into rising revenues. Deliveroo has witnessed a loss after tax jumped 41% to £153.8 million compared with the first […]