{"id":21491,"date":"2023-09-22T23:57:02","date_gmt":"2023-09-22T23:57:02","guid":{"rendered":"https:\/\/microloannexus.com\/news\/foodpanda-confirms-layoffs-says-its-in-talks-to-sell-part-of-asia-food-delivery-business\/"},"modified":"2023-09-22T23:57:05","modified_gmt":"2023-09-22T23:57:05","slug":"foodpanda-confirms-layoffs-says-its-in-talks-to-sell-part-of-asia-food-delivery-business","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=21491","title":{"rendered":"Foodpanda confirms layoffs, says it’s in talks to sell part of Asia food delivery business"},"content":{"rendered":"
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Singapore-headquartered food delivery service Foodpanda on Friday confirmed to CNBC that it is conducting its latest round of layoffs as the need to be “more agile remains critical.”<\/p>\n

“Our company 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, said on Thursday in a letter shared with employees seen by CNBC.<\/p>\n

He did not mention the number of employees impacted nor departments affected.<\/p>\n

This is Foodpanda’s third round of layoffs since job cuts in February and September last year amid macroeconomic headwinds, according to media reports. Grab and Deliveroo have also reduced headcount this year.<\/p>\n

“While we already implemented some measures earlier this year, there is more we have to do to create the right set-up for our operations,” said Angele.<\/p>\n

Those measures include reviewing organizational structure across both regional and country teams as well as shifting some functional reporting lines into different leaders for more consistency and focus, said Angele.<\/p>\n<\/div>\n

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The layoffs come as Foodpanda parent Delivery Hero is in preliminary discussions with potential buyers to sell part of its Southeast Asian food delivery business, the Berlin-based company confirmed with CNBC.<\/p>\n

On Wednesday, German media outlet WirtschaftsWoche reported that Delivery Hero is selling its operations under the Foodpanda brand in\u00a0Singapore, Cambodia, Malaysia, Myanmar, Philippines, Thailand and Laos.<\/p>\n

“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 firm told CNBC in an email, without mentioning specific markets.<\/p>\n

The German media report also said that competitor Grab