Gopuff eliminates about 100 jobs to control costs before potential IPO

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Gopuff eliminates about 100 jobs to control costs before potential IPO
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Gopuff has cut about 100 jobs, and paused several plans to open more warehouses, in a restructuring ahead of its potential IPO

Gopuff has let go about 100 employees on its warehouse and operations team, three people said.Gopuff may be controlling costs ahead of a possible IPO later this year.

The company has also paused several plans to open more warehouses across the US, two of the people said. The moves may help the ultrafast-delivery startup control costs and prepare for a possible IPO later this year. District managers at Gopuff oversee multiple warehouses and serve as a layer between the managers who run individual warehouses and regional managers who oversee larger swaths of territory, such as the South or parts of New England.

Gopuff says it currently employs about 10,000 people and is continuing to hire. The company added that it continually reevalutes its warehouse locations to maximize for demand. Gopuff added more warehouse square footage in 2021 than the previous 36 months combined, according to the company.

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