GoPuff – the delivery startup is letting go of 10% of its global workforce as part of its recent layoff ~ around 1,500 employees will be impacted by these layoffs.
As reported by Bloomberg, the company is also shutting down around 76 warehouses which account to almost 12% of its overall warehouses.
“As part of our efforts to remove overhead and drive operational efficiencies, we have made the incredibly challenging decision of reducing our global workforce by 10%,” the letter said. “While difficult, this restructures us to align more closely around business priorities while accelerating our path to profitability.“
GoPuff also mentions that these current layoffs will help and boost the company to reach its goal to be profitable by 2024.
The company is currently valued at $15bn, which also dropped its plan to be publicly listed in 2022.