British meal delivery company Deliveroo said it would cut around 9% of its workforce, or 350 roles, as it struggles to become profitable in a tougher consumer environment that has caused orders to slow.
Deliveroo has grown rapidly since it was founded in London a decade ago, and its riders – who are not directly employed – are now a familiar sight in towns and cities in nine countries. Along with rivals Just Eat Takeaway and Uber Eats, its growth accelerated during the pandemic when people stuck at home ordered more meals.
Economic headwinds and rising interest rates have hit technology companies, leading global firms to shed more than 150,000 workers as they rein in costs to ride out a global downturn.
