Grubhub Reduces Workforce Amid Restructuring
Grubhub has announced a significant reduction in its workforce, cutting approximately 500 jobs, as it seeks to realign its business with its new parent company, Wonder. The layoffs represent around 20% of the company's full-time employees, who now number over 2,200. This restructuring move comes amidst slowing growth and high taxes, which led to a steep loss for previous owner Just Eat Takeaway.
- The impact of this workforce reduction will likely be felt across the food delivery industry, as companies navigate their own labor shortages and strive to maintain profitability in a highly competitive market.
- Will Grubhub's focus on autonomous delivery technology be enough to mitigate the effects of its reduced workforce and drive long-term growth for the company?