• By Vaamanaa Sethi
  • Tue, 26 Sep 2023 01:33 PM (IST)
  • Source:JND
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Singapore-based food delivery platform Foodpanda is conducting a fresh round of layoffs, however, the number of employees affected in the recent round of job cuts have not been revealed, according to a report by CNBC-TV18.

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“Our company's priority right now is to become leaner, more efficient and even more agile. To do this, we need to streamline our operations so we can take on a more structured approach for the coming days,” Jakob Sebastian Angele, APAC CEO of Foodpanda told employees in a letter, as quoted by CNBC-TV18.

Angele pointed out that the company has already executed a series of measures earlier this year, and there is still more work to be done in order to establish the optimal setup for our operations. These measures encompass a thorough examination of the organizational structure within regional and country teams, as well as realigning certain functional reporting lines under different leaders to enhance consistency and concentration, he explained.

According to media reports, Foodpanda had let go employees in February this year and September last year due to ongoing macroeconomic conditions. Meanwhile, other two delivery apps in Singapore Grab and Deliveroo also reduced their headcount this year.

Also, Foodpanda's parent company, Delivery Hero has confirmed, as quoted by CNBC, that it is engaged in initial talks with prospective purchasers regarding the sale of a portion of its Southeast Asian food delivery operations.

“Delivery Hero confirms negotiations with several parties regarding a potential sale of its foodpanda business in selected Southeast Asia markets. Any discussions or plans are in their preliminary stages, the company told the media company.

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As reported by the German media outlet WirtschaftsWoche, Delivery Hero is in the process of divesting its operations conducted under the Foodpanda brand in several countries, including Singapore, Cambodia, Malaysia, Myanmar, the Philippines, Thailand, and Laos. The report hints at the possibility of Grab, a competitor, being a potential buyer.