Ritual Layoffs
June 2023
Ritual announced a layoff affecting 38 employees (40% of its workforce) in June 2023. The company operates in the Food sector.
38
40%
Jun 21, 2023
About
In June 2023, Toronto-based food ordering service Ritual laid off 38 employees, representing 40% of its workforce, which had dwindled to about 77 staff. This marked the company's third round of cuts in recent years, as the once-promising startup struggled to recover from pandemic impacts. With revenue stagnating and continued operating losses, Ritual made the difficult decision to restructure, aiming to strengthen its position while supporting restaurants globally. The layoffs reflect broader challenges in the tech sector and the shift away from office-centric ordering habits.
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