Mass layoffs at Gorillas

According to media reports, the start-up is to lay off 300 employees in order to cut costs and become profitable more quickly.

The Berlin delivery service Gorillas is cutting hundreds of jobs, reports the Tagesschau. Apparently, 300 employees are to be made redundant. However, this would not affect the drivers, but only the administration. The company is planning to cut half of its administration. The job cuts are apparently aimed at reducing fixed costs and becoming profitable more quickly.

"Looking at the capital markets at the moment, we need to take further steps to get on the road to profitability," CEO and founder Kagan Sümer is quoted as saying in the daily news quoted. According to the company boss, the company wants to become profitable in order to go public.

The Tagesschau reports that Sümer wants to review strategic options for the business in Italy, Spain, Denmark and Belgium. It is unclear whether this refers to a realignment, possible sales or even the discontinuation of the business. Gorillas wants to focus more on Germany, France, the UK, the Netherlands and the USA in future, as these countries account for 90 percent of the business.