Getir, the $12B instant delivery startup, plans to axe 14% of staff globally and cut aggressive expansion plans

It continues to be a very rough week for e-commerce companies in Europe. In the latest development, TechCrunch has learned and confirmed that Getir — the $12 billion quick commerce upstart that provides grocery essentials and sundries and promises delivery of them in minutes — is cutting 14% of its staff globally. It’s been estimated that the Turkish company employs some 32,000 people in the nine markets where it operates, which would work out to 4,480 people impacted by the downsizing.
In addition to the headcount, the company plans to curtail a lot of its capital-intensive

リンク元