Foodpanda, a food delivery company based in Singapore, has recently let go of an undisclosed number of employees in response to the challenging global macroeconomic environment. While the exact number of staff members impacted remains unknown, a spokesperson for the company expressed their commitment to doing everything possible to support those affected by the decision during this difficult transition.
According to several posts on LinkedIn, it appears that a significant number of the employees impacted by the layoffs were based in Malaysia. However, the source indicated that Foodpanda had also let go of staff members across other Southeast Asian markets where it operates.
The company’s recent layoffs, according to a statement from Foodpanda, won’t have an impact on its passengers. The company providing the delivery service made it clear that only directly employed employees and not its riders would be harmed by the downsizing.
In its statement, Foodpanda explained that it had made the difficult decision to lay off some of its staff in order to streamline its operations and recalibrate its business. However, the company reiterated its commitment to supporting affected employees during this challenging time.
“To colleagues leaving us, we are truly sorry to lose you. Thank you for all your hard work and service — we are extremely grateful for what you’ve done for Foodpanda,” the statement read.
While it remains unclear how many staff members have been impacted by the lay-offs, Foodpanda’s statement suggests that its riders can continue to rely on the company for employment and income.
The company’s recent lay-offs are part of a larger trend in the food delivery industry, which has experienced a slowdown in recent months. The move comes shortly after Foodpanda’s parent company, Delivery Hero, cut 156 jobs at its Berlin headquarters, and after its Spanish acquisition, Glovo, shrank its headcount by 250. This is the second round of layoffs that Foodpanda has undertaken in recent times. In September of last year, the company made staff cuts across Southeast Asia in an effort to improve its profitability.
The food delivery industry has faced significant challenges in recent months, with India-based giant Zomato being among the most high-profile casualties. Zomato was forced to exit the Indonesian market and withdraw from 225 cities in response to mounting losses. Despite these challenges, however, the food delivery industry remains a significant player in the global economy, and it is likely that we will continue to see changes and developments in this space in the coming months and years.
