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Search resuls for: "Howard Migdal"


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Food-delivery platform Grubhub laid off around 400 employees, or 15% of its corporate workforce, citing a need to maintain "competitiveness," the company's CEO said in a message to employees Monday. Grubhub said it would offer employees a minimum of 16 weeks severance but declined to comment on specific groups or positions that were impacted. The one-time public company was acquired by the Dutch multinational Just Eat Takeaway.com in 2021. Less than a year after the deal closed, Just Eat Takeaway said it was exploring the "partial or full sale" of Grubhub. A spokesperson for Grubhub did not immediately respond to a CNBC inquiry about whether the layoffs were connected to a potential sale process.
Persons: Uber, Grubhub, Howard Migdal Organizations: Bloomberg, CNBC Locations: Dutch
Grubhub is laying off 15% of staff
  + stars: | 2023-06-12 | by ( Danielle Wiener-Bronner | ) edition.cnn.com   time to read: +2 min
New York CNN —Grubhub is laying off 400 corporate employees, about 15% of its workforce, amid higher costs and declining orders. “As a result, today we have made the very difficult decision to reduce headcount at Grubhub,” he said. Grubhub is letting go of about 400 employees, or 15% of staff. “We need to continually look at whether we are set up in the right way to deliver for our diners, restaurants and delivery partners.”Grubhub is competing with the likes of Uber Eats and Doordash for restaurants’ delivery business. The announcement today makes Grubhub the latest in a number of companies reducing staff.
Persons: New York CNN —, Howard Migdal, , , ” Migdal, Andrew Kelly, Migdal, ” Grubhub, Uber Organizations: New, New York CNN, Reuters, Spotify, Tyson, Walmart Locations: New York, Grubhub, Amsterdam, North America, McDonald’s
A year after Just Eat Takeaway.com bought Grubhub, the European firm said it wanted to sell it. Grubhub is in great hands with Howard and the Grubhub leadership team, and I'm excited to watch the company continue to thrive." Over the years, Grubhub has struggled to find its footing in the hyper-competitive food delivery sector. 1 food delivery operator. In January 2018, Grubhub had 49% of the food delivery market, according to Bloomberg Second Measure.
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