The company’s CEO Howard Migdal announced that the company will be letting go of roughly 400 employees, or 15 percent of its corporate workforce. The layoffs will supposedly help Grubhub stay 'competitive' with the market.
today that the company will be letting go of roughly 400 employees, or 15 percent of its corporate workforce. The layoffs will supposedly help Grubhub stay "competitive" with the market.
He said, "Over the last few months, I met with Grubhub teams to learn about the business from the ground up; I spoke to restaurants and diners to understand their needs – and challenges – when using our service." Impacted employees will be "notified over the next several hours." Migdal goes on to say that he understands that this will be a difficult time for all employees.
Grubhub isn’t the first and likely isn’t the last delivery service to start to cut employees. Late last year, DoorDashthat it would be laying off nearly 1,300 employees due to "operating expenses." The company’s CEO Tony Xu said that DoorDash increased hiring during the pandemic and that operating expenses would continue to outgrow sales.
The big difference between DoorDash and Grubhub is that the former offered those who were laid off 13 weeks of compensation along with four weeks of severance pay. Grubhub’s announcement today did not mention any sort of compensation or severance pay for those who are being laid off.
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