Glovo lays off 250 people, 6.5% of its workforce

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Glovo will lay off "approximately 250" people and reduce its workforce by 6.5%. The CEO of the Spanish delivery company confirmed this this Monday. In the words of Oscar Pierre: "Both the management and I deeply regret the necessary measure, and we assume full responsibility for the decisions made that have led us to it." Pierre explains in the statement, which you can read in full here , that these departures were not in the firm's plans "6 months ago." "We have tried to avoid cuts by evaluating various possible scenarios, reducing costs and optimizing departments." It hasn't been enough. Most of the layoffs will occur at the company's headquarters in Barcelona, ​​especially in business support teams. Neither delivery drivers, stockers nor "front-line" employees will be affected by these departures, "which will strictly adhere to the local legislation" of each country in which these departures occur.

Ranking of 'tech' layoffs: these are the technology companies that have cut the most employees in recent months Dismissal "It is hard and difficult to say goodbye to many of those who have worked hard to build Glovo in recent years. I am deeply sorry, and Asia Phone Number List that is why I think it is important to explain how we got to this situation and how I see the future of the company and our sector". To do this, Oscar Pierre calls a meeting with employees at 6:00 p.m. this Monday. "Rapid growth created inefficiencies in our operations" Pierre, in the statement, also advances some reasons why the company has been forced at the end of January to adopt the drastic decision to cut 6.5% of its workforce. "Since it was born in 2015, Glovo has seen double and triple digit annual growth.

Consequently, this rapid growth created inefficiencies in our operations." "This is something we identified in early 2022 and we try to correct those inefficiencies gradually over this time by conducting deep analyzes of each department." But in October of last year, the firm detected a slowdown in its growth rates. Weeks later, the sector saw how demand for delivery services began to decrease. "The current macroeconomic situation, with rising rates and inflation, reduces customers' purchasing power, and many choose to order delivery less often." "We anticipate strong double-digit growth in 2023, but we need to adjust our forecasts to reflect this new reality," she says. Lucas Gª Alcalde has contributed to the preparation of this information."With bidirectional charging you can even earn money by pouring your surplus into the grid. You can also charge your car during off-peak hours and use it to power your home when electricity is more expensive.