Gopuff Cuts 6% of Workforce in Bid to Become Cash Flow Positive

Gopuff is cutting 6% of its workforce in a move that the rapid-delivery startup said will position it for “the next leg of growth” and help it achieve a goal of becoming free cash flow positive and profitable by the end of the year.

GoPuff has fewer than 10,000 employees. The job cuts are expected to affect a few hundred people, according to the Philadelphia-based company, whose formal name is GoBrands Inc. GoPuff said it will provide severance packages and ensure departing employees gets equity in the company.

Gopuff has been slashingheadcount and shrinking its infrastructure over the past ...