Gopuff To Lay Off 3 Pct Of Workforce
Instant delivery platform, Gopuff, plans to cut 3% of its global workforce of 15,000 employees as part of an internal realignment strategy that is aimed at improving financial performance.
“Our ethos has always been balancing scaling the business with fiscal responsibility and long-term value creation,” the company’s co-founders Rafael Ilishayev and Yakir Gola said in a letter to employees.
The company’s planned elimination of hundreds of jobs, including senior management roles, comes after a period of rapid growth, which propelled the company into the U.S. market and parts of Europe.
Gopuff also announced plans to hire a senior vice president for the North American market, who will help oversee business in the region. The person in the position will serve in a capacity similar to Gopuff’s international business senior vice president.
“Today, Gopuff is no longer a U.S. business that is expanding internationally. We are a global company with businesses in both North America and Europe,” the letter noted. “Our ultimate aspiration is to operate across thousands of cities on multiple continents and continue to widen how we satisfy instant needs for our customers.”
The layoffs come at a time when Gopuff is closing a $1 billion investment round and has plans to go public later this year. So far, the delivery startup has raised more than $2 billion.
Originally published at https://retailbum.com on April 5, 2022.
