FoodES

Glovo Layoffs

March 2023

Glovo announced a layoff affecting 140 employees in March 2023. The company operates in the Food sector.

People Affected

140

Announced Date

Mar 23, 2023

About

Glovo, a Spanish on-demand delivery startup, laid off 250 employees, representing approximately 6.25% of its global workforce of around 4,000. The layoffs, announced in June 2022, were part of a restructuring effort to streamline operations and achieve profitability amid challenging market conditions in the tech and delivery industry. The company, operating at a global scale, cited the need to adapt its organizational structure to ensure long-term sustainability and focus on core markets.