Ritual

In June 2023, Toronto-based food ordering service Ritual laid off 38 employees, representing 40% of its workforce, which had dwindled to about 77 staff. This marked the company's third round of cuts in recent years, as the once-promising startup struggled to recover from pandemic impacts. With revenue stagnating and continued operating losses, Ritual made the difficult decision to restructure, aiming to strengthen its position while supporting restaurants globally. The layoffs reflect broader challenges in the tech sector and the shift away from office-centric ordering habits.

Ritual, a Canadian food delivery and restaurant technology company, laid off 23 employees. The layoffs were announced by CEO Ray Reddy in a LinkedIn post, who described it as a difficult day for the team. While the exact percentage of the workforce affected and the total employee count were not specified in the announcement, the move reflects the ongoing challenges within the tech industry. The company expressed gratitude for the contributions of the departing staff and actively encouraged other employers to reach out to connect with the affected talent.

Ritual laid off 196 employees representing approximately 54% of its workforce on 2020-04-02.