Delivery startup Gorillas lays off half its “global office workforce”, around 300 people, and will reassess its operations in Italy, Spain, Denmark, and Belgium
An unsustainable business or just a side effect of the tech downturn? — Grocery app Gorillas … Source: gorillas.io .
The Verge James Vincent
Related Coverage
- Gorillas fires half its employees at HQ Sifted
- Berlin's Gorillas lays off 300, explores ‘strategic options’ in 4 countries as funds dry up for its $3B instant grocery play TechCrunch · Ingrid Lunden
- Grocery unicorn Gorillas is cutting half its global office workforce Silicon Republic · Vish Gain
- European unicorn layoffs: Gorillas lays off 300 employees at HQ; Klarna to let go 10 per cent employees globally Silicon Canals · Vishal Singh
- Rapid Grocery Apps Take it Slowly After Dutch Cities Push Back Bloomberg
- Gorillas shifts to long-term profitability gorillas.io
- Klarna's CEO used a pre-recorded video message to tell employees around 700 of them were being laid off Insider · Rosie Bradbury
- Klarna lays off 10% of its workforce TechCrunch · Romain Dillet
- Swedish fintech Klarna to lay off 10pc of its workforce Silicon Republic · Leigh Mc Gowran
- Klarna laid off 10% of its workforce through a video message Protocol · Veronica Irwin
- Klarna to lay off 10% of its workforce as souring economy hits buy now, pay later space CNBC · Ryan Browne
- Company announcement from CEO Sebastian Klarna
- Klarna used a prerecorded video message to lay off 10 percent of employees The Verge · Emma Roth
- Klarna Announces 10% Workforce Layoff Amid BNPL Decline International Business Times · Marvie Basilan
- Klarna lays off approximately 10% of its staff AltFi · Amelia Isaacs
- Klarna to lay off 10 percent of its workforce as consumers shun layaway Input · Maya Ernest
- Klarna to Cut About 700 Jobs Due to Inflation, War PYMNTS.com
- The Funded: Sequoia-backed finance startup Klarna is slashing jobs and, potentially, its valuation Silicon Valley Business Journal · Cromwell Schubarth
- Klarna to lay off 10% of staff amid market downturn Finextra
- Klarna to lay off approximately 10% of its workforce The Block · Tom Matsuda
- Swedish fintech Klarna to cut 10% of workforce Financial Times · Richard Milne
Discussion
-
@carnage4life
@carnage4life
on x
One of the harsh realities of this recession is that a bunch of late stage startups that have been playing the game of spend to get big then dump an unprofitable company on public markets are now stuck. This gambit worked for Uber but the window has effectively closed.
-
@carnage4life
@carnage4life
on x
15 minute grocery delivery startup, Gorillas, is laying off 300 people and exiting 4 countries after raising $1B seven months ago. They plan to pivot from hyper growth to profitability. Problem is there's no example of a profitable delivery app business. https://techcrunch.com/..…
-
@slingshotcap
Kelvin Seetoh
on x
One can interpret this news as bad or good. Bad = economy not doing well Good = peers with strong balance sheet and good unit economics have lesser competitors https://twitter.com/...
-
@yattisoni
Yatti Soni
on x
10 mins grocery delivery is a high cash burn business, and with the VC funding slowing down globally.. this one seems expected. https://twitter.com/...
-
@sarthakgh
@sarthakgh
on x
European high profile companies (Hoppin, Klarna, Gorillas) repping 3 distinct hot markets (virtual events, BNPL, quick delivery) of the covid era have now done layoffs https://sifted.eu/...
-
@sameer_singh17
Sameer Singh
on x
Marketplaces in name only (MINOs), a.k.a. asset-heavy businesses are in for a rough reality check. I've been raising the alarm for a while. Easy access to capital doesn't create better businesses. https://twitter.com/...
-
@mparts_
Miriam Partington
on x
And so it begins... Speedy grocery startup Gorillas is laying off half its staff at its Berlin HQ to extend its runway, as it struggles to raise additional funding https://sifted.eu/...
-
@gergelyorosz
Gergely Orosz
on x
Just in from Klarna: confusion and anger all-round with layoffs in Sweden. Swedish law mandates a LIFO firing (last in, first out). But there are people with 4-5 years' tenure laid off. Staff is confused if Klarna is trying to get creative to work around layoff regulation.
-
@iatalkspace
@iatalkspace
on x
After slashing its valuation from $46bn to $30bn, Klarna is about to lay off 10% of its workforce. “We are strongly influenced by the outside world. When we set our goals for 2022 in the autumn, it was a very different world than the one we have today.” https://sifted.eu/...
-
@siftedeu
@siftedeu
on x
Swedish buy now, pay later giant @Klarna is laying off around 10% of its workforce around the world, CEO @klarnaseb announced today. These layoffs come amid last week's news that Klarna could see its valuation brought down by a third. https://sifted.eu/...
-
@amyrlewin
Amy Lewin
on x
The big dog of European fintech @Klarna is laying off 10% of its team, founder Sebastian Siemiatkowski announced today: https://sifted.eu/...