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The Guardian - UK

Business

Mark Sweney

Deliveroo cuts 350 jobs, mostly in UK, after fall in online orders

Deliveroo Will Shu United Kingdom

cyclist looks at his phone — A Deliveroo cyclist waits outside KFC in Slough, Berkshire. Photograph: Maureen McLean/Rex

Deliveroo is to cut 350 roles amid a fall in online orders as cash-strapped consumers rein in spending.

The boss of the online delivery firm, which weathered a disastrous £7.6bn float on the London Stock Exchange two years ago that was nicknamed “flopperoo”, admitted that the downsize comes after being caught up in a hiring spree in a fight for growth and market share against competitors.

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