The Singapore-based food delivery service Foodpanda has announced additional job cuts. The company hopes to maintain a higher level of agility with this move and create an ideal operational framework.
In a formal letter, the company informed its employees of its choice. The letter emphasised that achieving greater efficiency, agility, and leaner operations is the company’s current primary focus. Additionally, it needs to streamline the procedures so that it can move forward with a more organised strategy.
A review of the organisational structure within both regional and national teams will be part of this round of layoffs. To improve consistency and concentration, it will also involve moving some functional reporting lines to different leaders.
The number of affected employees was not mentioned in the letter. However, this round of layoffs represents the third round of staff reductions for the company. Due to broader economic difficulties, the company implemented two rounds of job cuts in February and September of the previous year, as reported by the media.
The current layoffs coincide with the parent company of Foodpanda, Delivery Hero, beginning preliminary discussions with potential buyers about the sale of a portion of its Southeast Asian food-delivery division.
According to a report by the German media outlet WirtschaftsWoche, Delivery Hero is in the process of selling its operations in Singapore, Cambodia, Malaysia, Myanmar, the Philippines, Thailand, and Laos that are operated under the Foodpanda brand.
According to the reports, Grab, a rival delivery service, may be considering making an acquisition of Food Panda.
