Travis Kalanick’s $15 billion food-tech company cuts employees globally in profitability push

Six months after layoffs at the food-technology company City Storage Systems, another round of cuts hit teams globally, according to leaked audio obtained by Business Insider. More than 80 US employees were cut at Otter, the company’s restaurant-tech arm, a source familiar with the people laid off said. Layoffs also affected teams in Canada and …

Report: Uber to Close Drizly E-Commerce Alcohol Delivery Platform

Uber has decided to shut down Drizly just three years after acquiring the alcohol e-commerce delivery platform for $1.1 billion, Axios reported today. Pierre-Dimitri Gore-Coty, Uber’s SVP of delivery, in a statement to Axios, said the company has decided to close Drizly in order to focus on its “core UberEats strategy of helping consumers get almost …

Uber to lay off 200 employees in recruitment division

June 21 (Reuters) – Uber Technologies (UBER.N) said on Wednesday it was cutting 200 jobs in its recruitment division amid plans to keep the staff count flat through the year and streamline costs. The reductions affect less than 1% of Uber’s 32,700-strong global workforce and follow the ride-share company laying off 150 employees in its freight services …

H1 2023 marked by 4 layoffs in restaurant tech

Companies in several corners of the restaurant technology sector — ranging from the third-party delivery and POS system spaces to the virtual brand subsector — continued to battle a volatile economic climate in H1. In a bid to manage losses and right their ships, a handful of major firms cut staff in the first half …

Uber to lay off 200 employees in recruitment division

June 21 (Reuters) – Uber Technologies (UBER.N) said on Wednesday it was cutting 200 jobs in its recruitment division amid plans to keep the staff count flat through the year and streamline costs. The reductions affect less than 1% of Uber’s 32,700-strong global workforce and follow the ride-share company laying off 150 employees in its freight services …

Grubhub lays off 15 percent of its employees

The technology industry has been hit hard by layoffs this year, and GrubHub is the latest to cut staff. The company’s CEO Howard Migdal announced today that the company will be letting go of roughly 400 employees, or 15 percent of its corporate workforce. The layoffs will supposedly help Grubhub stay “competitive” with the market. He said, “Over the …

Olo cuts 11% of workforce as losses mount

Dive Brief: Dive Insight: After buying Wisely in 2021 Olo reorganized its staff into a series of “Business Units,” Glass said. These created some unspecified complexity and redundancies. As part of the reorganization accompanying the layoffs, Glass noted, “we are aligning our technology and product team structures around three customer-centric product suites: Order, Pay, and Engage.” Lambert joins the …

Olo lays off 81 people as part of reorganization

Big restaurant tech supplier Olo is laying off 11% of its staff, or 81 people, as part of a reorganization designed to streamline the business, the company said Wednesday. In a memo to employees, CEO Noah Glass said that the move will ease complexity and redundancy that resulted after the acquisition of customer data firm …

Grubhub lays off 15% of corporate workforce, or about 400 employees

Food delivery platform Grubhub laid off about 400 employees, or 15% of its corporate workforce, citing a need to maintain “competitiveness,” the company’s CEO said in a message to employees Monday. The company has struggled to capture market share, lagging significantly compared with competitors such as Uber Eats and DoorDash, according to research from Bloomberg Second Measure. Grubhub said it would offer …

ChowNow lays off 10% of staff

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 …