SBE Hospitality, C3 Founder Sam Nazarian Acquires Nextbite

Sam Nazarian, founder and CEO of the sbe hospitality group and virtual restaurant platform C3, announced the sole acquisition of Nextbite, one of the leading virtual brand providers created by Ordermark founder Alex Canter.  Nextbite’s brand name will live on as Nextbite by sbe, further cementing the ongoing evolution that’s merging entertainment, hospitality, food halls, …

Food Rocket Ceases Operations as Ultra-fast Grocery Delivery Fizzles

Rapid grocery delivery startup Food Rocket has ceased operations, marking the latest in the ultra-fast sector to sputter out. The company stated that in spite of overall profitability, it has exhausted its funding and ran out of capital while struggling to raise additional funding. It adds that the recent downturn in capital markets made it …

There’s A Huge Temporary Growth In Gig Work To Make Ends Meet

A Prudential Pulse survey finds large percentages of millennials, gen Z and women  struggle with finances. The result is more gig work… Nearly half of millennials agree or somewhat agree with the statement “I regularly run out of money and have to rely on credit cards or family for financial support.” Please consider Generational Gap Grows: …

DoorDash’s (DASH) Growth Slows Down Amid Economic Turmoil

DoorDash DASH is reeling with slowing business growth. Consumers are spending less on online delivery apps amid the economic turmoil, and the online food delivery business is facing a downward spiral since its boom during the pandemic period. During the pandemic, DoorDash and Uber Technologies’ UBER Uber Eats, controlling 90% of the U.S. food-delivery market, continued to record …

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 …

Aggregators’ Global Growth Compromised by Rising Inflation and Competition

  |    Food delivery services around the world are pulling out of regions and cutting staff. These moves come as global inflation and increased competition make the already challenging economics of the aggregator model even more difficult despite ongoing demand for convenient meal options. The latest occurrence in this segment includes word from Just Eat Takeaway.com subsidiary Menulog, which …

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 …

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 …

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 …