Getir is to slash as many as 2,500 jobs worldwide as it seeks to pare back losses in a range of European markets.
The Turkish delivery firm, which also owns the Gorrilas delivery brand, is seeking to reduce its workforce by 10%, with its workforce in Germany expected to bear the brunt of the job losses, according to a report by Bloomberg News.
Getir recently shut operations in France, Italy, Portugal and Spain but today vowed to continue to operate in the UK, US, Germany, Holland and Turkey. Howver, Turkey is the only country in which the business has managed to turn a profit, according to Bloomberg.
The firm was worth as much as $11.8 billion after a funding round in March 2022, but saw its value shink to just $6.5 billion when it sought fresh cash earlier this year after soaring inflation and a normalising of the hospitality sector returned after the coronavirus pandemic.
Abu Dhabi’s sovereign wealth fund Mubadala Investment Co, which led Getir’s previous funding round, said it was considering offering further financial support for the business, telling Bloomberg: “We are currently in advanced discussions with Getir to lead their latest funding round and we continue to work closely with Getir in support of its growth in the years ahead.”
A Getir spokesperson could not confirm how many jobs would be cut in the UK.
In a statement the company said: “Regrettably, Getir intends to reduce its team and, with a heavy heart, part ways with approximately 2,500 talented employees across its markets.
“The company remains fully committed to the future of the industry it pioneered eight years ago and will continue to lead it in the future.”