Foodpanda confirms layoffs, explores partial sale of business

📆 24-09-23 11:35:00
📰 IndependentSG

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With Foodpanda's future hanging in the balance and Grab in the spotlight, uncertainty looms over Southeast Asia's food delivery scene

SINGAPORE: Singapore’s Foodpanda shared a letter with its employees last Thursday, Sept 21, 2023. The APAC CEO of Foodpanda shared: “Our company priority right now is to become leaner, more efficient and even more agile. To do this, we need to streamline our operations so we can take on a more structured approach for the coming days.”

According to CNBC, Foodpanda confirmed layoffs last Friday, Sept 22, 2023. However, the number of employees affected was not included in the confirmation. Foodpanda is cutting jobs as its parent company, Delivery Hero, is talking to potential buyers about selling a part of its Southeast Asian food delivery business.

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Foodpanda lays off staff in Asia Pacific amid talks on partial sale of businessFoodpanda's Berlin-based owner Delivery Hero has confirmed talks on a partial sale of its Asia business.
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