Mass layoffs at Gorillas
Janina Gerhardt
| 24.05.2022
According to media reports, the start-up will lay off 300 employees to cut costs and become profitable faster.
Berlin-based delivery service Gorillas is cutting hundreds of jobs, reports include the Tagesschau. Apparently, 300 employees are to be laid off. However, this would not affect the drivers, but only the administration. The company plans to cut half of the administration. The job cuts are apparently intended to reduce fixed costs and become profitable more quickly.
"Looking at the capital markets right now, we need to take further steps to get on the path to profitability," CEO and founder Kagan Sümer is quoted as saying in the Tagesschau quoted. According to the company CEO, the company wants to become profitable in order to go public.
According to the Tagesschau report says Sümer wants to review strategic options for the business in Italy, Spain, Denmark and Belgium. Whether this means a realignment, possible sales or even discontinuing the business is unclear. Gorillas wants to focus more on Germany, France, Great Britain, the Netherlands and the USA in the future, as these countries account for 90 percent of the business.
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