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Deliveroo Cuts 350 Jobs, Mostly In UK, After Fall In Online Orders

Deliveroo is to cut 350 roles amid a fall in online orders as cash-strapped consumers rein in spending.

The boss of the online delivery firm, which weathered a disastrous £7.6bn float on the London Stock Exchange two years ago that was nicknamed “flopperoo”, admitted that the downsize comes after being caught up in a hiring spree in a fight for growth and market share against competitors.

Read the full article on The Guardian website

NAM Implications:
  • A pragmatic response to changes in market need…
  • …that hopefully will prove useful ‘just-in-time’.
  • Watch this space…