- Grocery delivery service Gopuff is said be cutting 10% of its global headcount and shuttering dozens of warehouses.
- The cuts will impact about 1,500 staff members, include corporate and warehouse workers in the U.S., according to a Bloomberg report. Gopuff is expected to shut down 76 warehouses, or about 12% of its network.
- The latest update comes after a report in late March that the grocery deliver frim was close to finalizing a $1B funding round and was also cutting hundreds of jobs as a potential IPO appeared to be put off for a while. Bloomberg reported at the time that Philadelphia-based Gopuff was cutting 3% of its global workforce of more than 15,000 companywide, including senior leadership.
- Gopuff has no plans to do an IPO in the near term due to market conditions, according to multiple media reports in March.
- Gopuff competes with Instacart ( ICART ) as well as DoorDash ( DASH ), and Just Eat Takeaway's ( OTCPK:JTKWY ) Grubhub unit.
- Last Wednesday, Just Eat Takeaway gained, DoorDash fell afte r Amazon took a stake in Grubhub.
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Grocery delivery service Gopuff said to cut 10% of staff, close warehouses - report