Zapp Layoffs
May 2022
Zapp announced a layoff affecting 0 employees (10% of its workforce) in May 2022. The company operates in the Food sector.
0
10%
May 25, 2022
About
London-based speedy grocery startup Zapp is laying off approximately 10% of its workforce, affecting an estimated 200 to 300 employees, as part of a restructuring effort announced in late May 2022. The company, which operates in the competitive on-demand grocery delivery industry, cited a challenging macroeconomic climate—including high inflation, the war in Ukraine, and supply chain disruptions—as key reasons for the cuts. Alongside the layoffs, Zapp is closing several of its "dark stores" outside London, including in Manchester, and focusing its operations primarily on the capital to drive efficiency and accelerate its path to profitability. The company, which had raised $300 million in funding, is also entering a partnership with rival Jiffy, which recently exited the grocery business.
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