Just Eat Takeaway scales back in France as market value drops 84% in 10 months

Just Eat Takeaway is cutting 390 jobs from its workforce in France, constituting part of a broader global restructuring effort as the food delivery giant looks to reverse its recent downturn.
Just Eat Takeaway is the result of a $7.6 billion merger between the U.K.’s Just East and Dutch rival Takeaway.com back in 2020. Shortly after, the new combined entity revealed plans to acquire Grubhub in the U.S., a $7.3 billion all-stock transaction that took the better part of a year to close. This food-delivery consolidation push was driven in large part by the global lockdown, a period through

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