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Home Lifestyle foodpanda trims APAC workforce amidst acquisition talks

foodpanda trims APAC workforce amidst acquisition talks

Meals supply platform foodpanda is shedding an undisclosed variety of workers throughout Asia-Pacific whereas its mother or father firm, Supply Hero, is in preliminary discussions with potential patrons to promote a part of its Southeast Asian meals supply enterprise.

In a memo seen by CNBC, Jakob Sebastian Angele, APAC CEO of foodpanda, shared that the corporate’s primary precedence now’s “to turn out to be leaner, extra environment friendly and much more agile”. As such, the corporate goals to streamline its operations to “tackle a extra structured method for the approaching days”.

This marks the corporate’s third spherical of layoffs throughout Southeast Asia, following a spherical job cuts in February, which primarily affected its workers in Malaysia. Previous to that, the corporate reportedly retrenched 60 workers in Singapore again in September final yr — or about 5 per cent of its 1,200 workforce — amid financial headwinds.

“Whereas we already applied some measures earlier this yr, there may be extra we now have to do to create the correct set-up for our operations,” Jakob instructed CNBC.

Since its inception in 2011, Supply Hero has but to turn out to be worthwhile. Though it achieved a notably lowered lack of over €832 million within the first half of the yr in comparison with practically €1.5 billion the earlier yr, analysts had anticipated a extra modest deficit.

Featured Picture Credit score: foodpanda

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