Grubhub to Cut About 15% of Workforce to Reduce Costs

June 12, 2023, 4:13 PM UTC

Grubhub will lay off roughly 15% of its workforce as the food-delivery service seeks to cut rising costs, the company said on Monday.

“While our business has grown since our 2019 pre-pandemic levels, our operating and staff costs have increased at a higher rate,” Chief Executive Officer Howard Migdal said in a memo to employees. “These changes, while difficult, will help ensure we have the right resources and structure to focus on the business priorities and opportunities ahead.”

The news was first reported by the Wall Street Journal.

The reduction in jobs, which affects about 400 people, reflects the growing ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.