Foodpanda Layoffs
September 2022
Foodpanda announced a layoff affecting 60 employees in September 2022. The company operates in the Food sector.
60
Sep 7, 2022
About
In early September 2022, food delivery giant foodpanda laid off approximately 60 employees in Singapore, representing about 5% of its 1,200-strong local workforce. The layoffs were part of a broader cost-cutting initiative by its German parent company, Delivery Hero, which aimed to achieve profitability (EBITDA-positive status) amid significant financial losses. This move occurred just months after foodpanda established Singapore as its regional headquarters and global tech hub. The company, which holds about 37% of Singapore's food delivery market, described the decision as painful but necessary to remain competitive, while offering support programs to affected staff. Similar job cuts were also reported in other regional markets like the Philippines and Thailand.
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