Deliveroo to slash around 350 jobs as cost of living crisis forces people to order fewer takeaways
Deliveroo will axe around 350 jobs amid a slowdown in the number of people who are ordering takeaways.
Founder Will Shu told staff it will cut 9pc of the workforce as it became the latest tech business to cut jobs. It is understood the majority of the cuts will affect UK employees.
Demand for takeaways boomed during the pandemic but as life returns to normal, ‘pandemic winners’ have struggled.
Deliveroo will cut 9% of the workforce as it became the latest tech business to cut jobs. It is understood the majority of the cuts will affect UK employees
‘The world we operate in has changed,’ Shu said. ‘In recent years we grew our headcount very quickly.
‘This was a response to unprecedented growth rates supported by Covid-related tailwinds.
‘By contrast, we now face serious and unforeseen economic headwinds. Our fixed cost base is too big for our business.’
Deliveroo expects the number of workers to be made redundant to be ‘closer to 300’.