Facing financial difficulties, Getir, the high-speed grocery delivery startup, has announced its intention to downsize its workforce by around 2,500 employees. The organisation presently has a workforce of approximately 23,000 individuals, encompassing couriers, store staff, and office personnel, distributed across five distinct locations.
The company in the past successfully garnered a significant investment of $1.8 billion from notable supporters including Tiger Global, Sequoia, and Mubadala. Notwithstanding its favourable inception, the company became part of a cluster of delivery ventures that amassed substantial funding in 2021, only to confront challenges in the following year.
Recently, Getir had requested its office-based staff to help it shutdown its UK warehouses as a drastic cost-cutting measure. Later, reports emerged that the company was struggling with making payments to its suppliers, which is why it had to resort to these severe actions.
In the initial round of layoffs the company let go 14 per cent of its staff, in May 2022. The company has also executed a strategic withdrawal from several markets in the last few months. In June, it ceased operations in Spain and France, which caused a further reduction in its headcount. As July came to a close, the company shut shop in Italy and Portugal too.
Getir remains steadfast in its dedication to catering to its customers in Turkey, the UK, Germany, the Netherlands and the US, despite these challenges.
