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: layoffs
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 …
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DoorDash lays off 1,250 employees
Dive Brief: These layoffs will right size the company and allow it to match its strategic priorities, Xu said. “We must keep this level of discipline moving forward and act with the hunger, efficiency and creativity of the younger startup we once were while leading with the responsibility of the market leader we’ve become,” Xu …
DoorDash cuts 1,250 jobs to control ballooning costs
DoorDash Inc said on Wednesday it was cutting about 1,250 jobs, or 6% of its total workforce, as the food-delivery company looks to keep a lid on costs to cope with a slowdown in demand.DoorDash, went on a hiring spree to cater to a flood of orders from people stuck at home during the height …
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Deliveroo quits Australia citing ‘challenging economic conditions’
Food delivery company says it is no longer accepting orders through its app and has entered voluntary administration Deliveroo is quitting the Australian market, with the food delivery service announcing it had suspended orders made through its app and entered voluntary administration. In an email to customers on Wednesday, the company said it had made …
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After $73.5 million loss for Waitr, now ASAP, nearly 90 people to be laid off
ASAP, the food delivery company formerly known as Waitr, will lay off 89 people in January, according to a WARN notice filed with the Louisiana Workforce Commission. The notice filed earlier this month stated the employees would be laid off on January 10 from its downtown Lafayette office. The layoffs come after ASAP reported a …
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Lyft co-founder talks earnings, layoffs, and competition with Uber
Lyft Co-Founder John Zimmer joins Yahoo Finance Live to discuss the company’s latest quarterly earnings, the sell-off in the stock, the outlook for profitability and growth, recent mass layoffs, competing for market share with Uber, and the future of autonomous vehicles. Video Transcript [BUZZING] – Lyft stock is downshifting after the company posted slowing revenue growth …
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Lyft lays off 13% of workforce as it tries to slash operating expenses
Lyft said Thursday it is laying off 13% of its workforce as it tries to reduce operating expenses, according to a securities filing. The ride-hailing company described the cuts as proactive step to ensure it “is set up to accelerate execution and deliver strong business results in Q4 of 2022 and in 2023.” Lyft also reiterated …
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Job cuts continue as Gopuff restructures
Dive Brief: Gopuff recently held layoffs impacting its customer service team as part of the company’s restructuring effort and previously announced decision to cut its workforce by 10%, according to the company. In this latest staff reduction, Gopuff let go as many as 250 employees, according to Bloomberg. Gopuff’s layoffs and restructuring come at a time when technology …
High-Flying Lunchbox Lays Off a Third of its Staff
Lunchbox, one of the most prominent and outspoken tech companies in the delivery space, announced a significant round of layoffs just months after acquiring NovaDine and receiving $50 million through a Series B investment round. Company co-founder and CEO Nabeel Alamgir announced the layoffs in a post on LinkedIn, and said it was “an incredibly …
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