CloudKitchens Layoffs
November 2023
CloudKitchens announced a layoff affecting 0 employees in November 2023. The company operates in the Real Estate sector.
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Nov 8, 2023
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CloudKitchens, the ghost kitchen company founded by former Uber CEO Travis Kalanick, conducted layoffs on November 8, 2023, affecting an unspecified number of its over 4,300 employees. The cuts are part of a broader trend as tech and real estate companies adjust to a challenging market marked by inflation and higher interest rates. CloudKitchens, valued at $15 billion in 2021, has faced operational difficulties, including high customer churn and issues with facility conditions and support. The company, which converts warehouses into kitchen spaces for restaurants, has also scaled back its U.S. real estate team over the past year, shifting focus from acquisitions to renovations and management amid a tougher economic environment.
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