Shu has been scaling back the company, exiting markets and moderating growth plans as he works to make the London-based food-delivery business more profitable. Expansion at delivery companies surged during the Covid-19 lockdowns, when customers were stuck at home and restaurants and shops were shut. Many are now having to cut costs with order growth slowing more than anticipated.
Deliveroo Plc said it plans to cut 350 jobs, or about 9% of its workforce, as the company focuses on profits and a way to deal with a “difficult consumer environment.”
The cuts will affect roles at all levels, although some employees may be redeployed, Chief Executive Officer Will Shu said in an announcement to staff on Thursday that was posted on the company’s website.
