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Foodpanda layoffs: Food delivery platform confirms job cuts, in talks to sell part of Southeast Asian biz
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Foodpanda layoffs: Food delivery platform confirms job cuts, in talks to sell part of Southeast Asian biz
Sep 25, 2023 1:23 AM

Food delivery platform service firm Foodpanda is conducting a fresh round of layoffs, the firm confirmed to CNBC International on September 22, without stating the number of employees affected as part of the job cuts.

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“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 Angele, APAC CEO of Foodpanda, told employees in a letter seen by CNBC.

Angele noted that the firm has already implemented several measures earlier this year, and there is more it has to do to create the right set-up for our operations. The measures include reviewing organizational structure across both regional and country teams and shifting a few functional reporting lines into different leaders for more consistency and focus, he said.

Angele’s remarks came as media reports suggested that Foodpanda already let go of employees in February this year and September last year amid macroeconomic headwinds.

Two other prominent food delivery platforms in Singapore Grab and Deliveroo also reduced headcount this year.

Meanwhile, Foodpanda’s parent Delivery Hero has also confirmed to CNBC International that it is in preliminary discussions with potential buyers to sell part of its Southeast Asian food delivery business.

“Delivery Hero confirms negotiations with several parties regarding a potential sale of its foodpanda business in selected Southeast Asia markets. Any discussions or plans are in their preliminary stages,” the firm told CNBC in an email, without mentioning specific markets.

According to a report by German media outlet WirtschaftsWoche, that Delivery Hero is selling its operations under the Foodpanda brand in Singapore, Cambodia, Malaysia, Myanmar, Philippines, Thailand and Laos. The report suggests competitor Grab could be a buyer.

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