FoodES

Glovo Layoffs

January 2023

Glovo announced a layoff affecting 250 employees (6% of its workforce) in January 2023. The company operates in the Food sector.

People Affected

250

Percentage

Announced Date

Jan 30, 2023

About

In January 2023, Barcelona-based food delivery company Glovo announced layoffs affecting 6% of its workforce, totaling 250 employees out of approximately 3,900. The company cited the macroeconomic downturn, including rising inflation and reduced consumer spending, as the primary reasons, alongside a need to address inefficiencies from its rapid 40% year-on-year growth. This decision followed shortly after Glovo faced significant fines from the Spanish government for alleged labor law violations and is under EU investigation for antitrust concerns, though the company stated the layoffs were unrelated to these penalties. As a scaleup in the European tech and food delivery industry, Glovo also plans to cut operational expenses and limit hiring to critical roles through mid-2023.