Dive Brief: Dive Insight: During its last round of layoffs, Webb told Restaurant Dive that tech layoffs are occurring because executives are concerned about the increased cost of capital, and are preparing to weather any potential economic downturn that could last a few years. The Federal Reserve just increased interest rates again this week and said it could do …
Tag Archives: ChowNow
CHOWNOW CUTS MORE JOBS AS DELIVERY DEMAND LEVELS OUT
Online ordering company ChowNow is laying off 40 people, or about 10% of its staff, as demand for delivery continues to level out. It’s the latest round of job cuts this year for the Los Angeles-based company, which laid off 20% of its workforce in July. It had 500 employees at that time. “These actions …
Continue reading “CHOWNOW CUTS MORE JOBS AS DELIVERY DEMAND LEVELS OUT”
Cartwheel Continues Partnership Spree with Omnicart
Cartwheel and Omnicart completed an integration to bring driver management logistics tools into Omnicart’s delivery operating system. Cartwheel announced the integration as part of a string of new connections for the platform that allows for hybrid and self-delivery. As Food On Demand previously covered, the company has recently connected with Square, ChowNow, Nash, RMDA, and deepened …
Continue reading “Cartwheel Continues Partnership Spree with Omnicart”
ChowNow CEO: More restaurant tech industry layoffs are coming
ChowNow, a commission-free online ordering platform for restaurants, boasted its best sales month of the year in June. The company is also losing fewer accounts than ever in its history, and it’s client base is at an all-time high. So why did it lay off nearly 100 employees last week? The answer is one CEO Chris Webb …
Continue reading “ChowNow CEO: More restaurant tech industry layoffs are coming”
A food-tech CEO says he went ‘cold turkey’ after being ‘addicted’ to cheap venture capital and laid off 97 staffers to prep for a recession
Chris Webb cofounded ChowNow in 2011 to help independent restaurants with digital orders. The food-tech firm provides the industry a commission-free marketplace for web orders. In an interview with Insider, Webb explained why he cut 97 workers last week. On June 1, JPMorgan CEO Jamie Dimon told investors to prepare for an economic “hurricane.” Chris …
ChowNow lays off almost 100 employees
Dive Brief: ChowNow has laid off almost 100 people across various teams, including onboarding, operations and sales, the company confirmed. TechCrunch first reported the news on Wednesday. “We have had to make the difficult decision to lay off team members this week. We are deeply grateful for their contributions and they will receive our full support during this …
CHOWNOW LAYS OFF 20% OF ITS STAFF IN TECH’S LATEST CUTBACK
Online ordering provider ChowNow laid off about 20% of its staff this week as it hunkers down for what co-founder and CEO Chris Webb likened to a storm brewing in the financial markets. The cuts, he said, will allow the company to weather the expected economic downturn without the help of outside funding. As inflation …
Continue reading “CHOWNOW LAYS OFF 20% OF ITS STAFF IN TECH’S LATEST CUTBACK”
Signaling tough times ahead, ChowNow lays off employees
ChowNow, a startup that builds branded online ordering systems for restaurants, today announced layoffs internally, TechCrunch has learned. According to several sources who spoke to this reporter on the condition of anonymity, around 100 people were affected across teams including onboarding, operations, and sales. “We, like every company, plan our annual budgets far ahead of …
Continue reading “Signaling tough times ahead, ChowNow lays off employees”
Bonfire Ventures Raises $230M Across Two New VC Funds
Bonfire Ventures, the Santa Monica early-stage venture capital firm that has backed local business-to-business (B2B) software startups like ChowNow and Boulevard, has raised $230 million across two new funds, it announced Tuesday. Bonfire raised $168 million for its third core fund and $63 million for its second opportunity fund—taking the firm to five total funds …
Continue reading “Bonfire Ventures Raises $230M Across Two New VC Funds”
ChowNow founder on rethinking food delivery to serve local restaurants first
https://player.simplecast.com/5f4f9824-3b68-4c4c-8fb1-22943f6f4675?dark=false Welcome back to Found, the TechCrunch podcasts that get the stories behind the startups. This week we’re joined by Chris Webb from Chow Now. ChowNow started as a way for founder and CEO, Chris Webb and his friends to easily order from smaller local restaurants but eight years later when COVID hit ChowNow became known as …
Continue reading “ChowNow founder on rethinking food delivery to serve local restaurants first”