Business

Uber lays off 185 workers at its food delivery service Postmates: Report

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Leading ride-hailing platform has laid off about 185 workers — about 15 per cent of total workforce — at its food delivery service Postmates.


acquired Postmates in July last year for $2.65 billion, after it failed to buy rival food delivery service Grubhub.



The company plans to further integrate Postmates’ infrastructure within its Eats segment, reports The New York Times.


The latest move will see “Postmates founder and CEO Bastian Lehmann depart the company, along with most of its executive team”, the report said on Sunday.


The company said that bookings in its division rose 135 percent year-over-year in the third quarter of 2020.


now has 560,000 restaurants on its platform, including about 30 per cent of restaurants in the US.


continues to remain behind its rival food delivery service DoorDash, which went public in December.


Zomato last year acquired Uber’s Food Delivery Business in India in an all-stock deal worth $350 million or Rs 2,500 crore, Uber had 9.99 per cent stake in the Deepinder Goyal-led food delivery platform.


Uber CEO Dara Khosrowshahi had said that the Uber Eats team in India has achieved an incredible amount over the last two years.


“India remains an exceptionally important market to Uber and we will continue to invest in growing our local Rides business, which is already the clear category leader,” said Khosrowshahi.


–IANS


na/

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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