Dive Brief: Dive Insight: Wonder, which has grown to about 150 food hall locations, has been changing up its operations as it continues to grow rapidly. Earlier this month the company sold Grubhub’s campus business to DoorDash for $300 million. DoorDash also invested $125 million as part of a strategic partnership. In September, it started to deploy …
Continue reading “Wonder lays off 533 as part of production consolidation”
The restaurant tech supplier said the changes were made as part of its transition to new ownership under Thoma Bravo. It was not clear how many jobs were cut. Big tech supplier Olo laid off staff Tuesday as it transitions to new ownership. The scope of the job cuts was unclear, though social media posts …
Continue reading “Layoffs hit Olo after acquisition by private-equity firm”
Dive Brief: Dive Insight: Wonder completed its $650 million acquisition of Grubhub in January, ending Just Eat Takeaway’s nearly five-year ownership of the brand. Since the acquisition, Wonder and Grubhub have been working to align their businesses to “achieve our ambitious mission of becoming the primary destination for mealtime,” Migdal said. Wonder originally said its acquisition of Grubhub supported its …
It might come as second nature to many to order takeout through an app on their phones and have it delivered straight to their doorstep, especially when they are too lazy to pick it up themselves. However, it wasn’t that long ago that the only way to get takeout was to pull out the Yellow …
Continue reading “Popular delivery service makes harsh decision amid struggles”
Feb 28 (Reuters) – Grubhub CEO Howard Migdal said on Friday that the food delivery firm has decided to cut about 500 jobs, as it focuses on aligning its business with Wonder after the takeover was completed last month. Grubhub was bought last year by a food delivery startup Wonder, led by Walmart’s (WMT.N), opens new …
Continue reading “Food delivery company Grubhub to cut 500 jobs”
Ashwin Raj has stepped down as CEO of ezCater just 18 months after taking the role, with CFO Nihad Rahman appointed as interim CEO. Raj originally succeeded longtime co-founder Stefania Mallett in August 2023, after Mallett stepped down following 16 years leading the company. Key Details Leadership Transition EzCater remains a Boston-based unicorn company that provides …
Continue reading “ezCater CEO steps down two months after layoffs”
The restaurant tech company laid off more employees after reporting a 27% revenue surge last quarter to attain “balanced growth.” Dive Brief: Dive Insight: Glass, in his comments to employees, acknowledged that Olo was profitable, but said the company needed to “drive efficiencies.” Olo did not directly specify, either in Glass’ letter or in the …
Continue reading “Olo cuts 9% of workforce despite profitability”
Online ordering provider Olo is laying off 9% of its staff to cut costs and set the company up for long-term growth. CEO and founder Noah Glass informed employees of the layoffs in a letter Friday. “Although Olo’s business remains strong—we are growing, profitable, and have a strong balance sheet—we need to drive efficiencies and …
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 …
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 …
Continue reading “Report: Uber to Close Drizly E-Commerce Alcohol Delivery Platform”
