A subsidiary of Delivery Hero, Foodpanda has planned to cut staff in Asia-Pacific amid a potential partial sale. The company has not disclosed the exact number of layoffs and departments that have been impacted by the job cuts.
According to CNBC, Jakob Sebastian Angele, APAC CEO of Foodpanda, said on Thursday in a letter shared with employees, “Our company priority right now is to become leaner, more efficient, and even more agile.”
“To do this, we need to streamline our operations so we can take on a more structured approach for the coming days,” Jakob Sebastian added.
The move of layoffs is part of a larger trend as companies cutting jobs and slowing hiring as investors become increasingly fearful of a recession. Tech companies have either frozen the hiring process or laid off many employees.
Amazon sacked 27,000 employees in three months. The major companies that laid off employees include Infosys, Amazon, Google, Byju’s, Wipro, and Salesforce laid off a maximum number of workers globally.
So far in 2023, there have been 1,576 layoffs at tech companies with 353,791 people impacted (1,330 people per day). In 2022, there were 1,557 layoffs at tech companies 243,318 people impacted (667 people per day).
| Month Of Layoffs/2023 | Number of Laid-ff employees |
| SEPTEMBER | 6,950 |
| AUGUST | 18,915 |
| JULY | 14,860 |
| JUNE | 14,760 |
| MAY | 56,111 |
| APRIL | 30,549 |
| MARCH | 52,214 |
| FEBRUARY | 50,816 |
| JANUARY | 108,616 |
| Total Layoffs in 2023 | 353,791 |
Source: trueup.io/layoffs
A subsidiary of Delivery Hero, foodpanda launched in Singapore in 2014 as a food delivery platform. Dedicated to helping customers get their tasty favourites fast, it quickly won the hearts and minds of customers in APAC.
Powered by tech and operational excellence, foodpanda has been growing its quick-commerce footprint in more than 400 cities across 11 markets in Asia – Singapore, Hong Kong, Thailand, Malaysia, Pakistan, Taiwan, Philippines, Bangladesh, Laos, Cambodia, and Myanmar.
