FoodAU

Milkrun Layoffs

April 2023

Milkrun announced a layoff affecting 400 employees (100% of its workforce) in April 2023. The company operates in the Food sector.

People Affected

400

Percentage

100%

Announced Date

Apr 11, 2023

About

Australian grocery delivery startup MilkRun is shutting down entirely, making all 400 employees and riders redundant as of April 14, 2023. This full closure follows a previous layoff of 20% of its staff in February, which was part of a consolidation effort. The company, which launched in 2021 and raised significant funding, cited deteriorating economic and capital market conditions as the primary reason. Despite building a strong brand and customer experience, the instant delivery startup could not achieve profitability at the required scale in the challenging post-pandemic investment climate, mirroring the fate of other local competitors in the industry.