Instant delivery firm Gopuff is eliminating 3% of its global workforce of around 15,000 employees, according to reports in Bloomberg and The Information. A spokesperson for Gopuff confirmed the news on Thursday.
The layoffs are part of an internal “realignment” aimed at improving the company’s financial performance, co-founders Rafael Ilishayev and Yakir Gola wrote in a letter to employees that Business Insider posted. “Our ethos has always been balancing scaling the business with fiscal responsibility and long-term value creation,” the letter read.
The move underscores the difficulty e-commerce and technology firms face raising money right now, and the capital-intensive nature of instant delivery.
Source: Grocery Dive
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