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 …
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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 …
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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 …
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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 …
Continue reading “Olo cuts 11% of workforce as losses mount”
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 …
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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 …
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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 …
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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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 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 …
Continue reading “DoorDash cuts 1,250 jobs to control ballooning costs”
