Food delivery platform Foodpanda is embarking on another round of layoffs as part of its efforts to streamline operations and become more efficient, according to an announcement by Jakob Sebastian Angele, APAC CEO of Foodpanda. The company aims to create a more structured approach for its future operations. While the exact number of affected employees has not been disclosed, it has been reported that Foodpanda made job cuts earlier in February and September of previous years due to macroeconomic challenges.
These layoffs come amid similar actions by other food delivery platforms in Singapore, such as Grab and Deliveroo, which have also reduced their headcounts in 2023.
Foodpanda’s parent company, Delivery Hero, is separately engaged in preliminary discussions with potential buyers to sell parts of its Southeast Asian food delivery business. The markets involved in these discussions include Singapore, Cambodia, Malaysia, Myanmar, the Philippines, Thailand, and Laos. The report suggests that competitor Grab could be a potential buyer for some of these operations.
These moves indicate a broader restructuring and adjustment in the food delivery industry, driven by various factors, including market conditions, competition, and a focus on optimizing operations for long-term sustainability.
