Grubhub Slashes 23% of Workforce Following Wonder Acquisition
2025-02-28
Fortune
In a significant restructuring move, Grubhub has cut 23% of its staff just months after being acquired by Wonder for a mere $650 million, a stark contrast to its pandemic-era peak valuation of over $15 billion. This drastic measure aims to streamline operations and boost efficiency, as the food delivery market continues to evolve with changing consumer demands and rising competition from other online ordering platforms, including Uber Eats and DoorDash, in the rapidly growing food delivery industry.
