Gopuff, the Philadelphia-based delivery service that raised more than $1 billion from global investors as customers boosted sales during the pandemic, is shutting or combining 76 distribution centers around the country as it braces "for what could be a much more significant macroeconomic turndown," officials told investors Tuesday morning.
The company is also reducing its global workforce by 10%, according to a memo shared with employees. Gopuff employs around 15,000 people in the U.S., Canada, and a handful of European countries. Tuesday's cuts follow hundreds of headquarters and management layoffs at Gopuff earlier this year.
Gopuff is "among the first" of the nation's fast-growing tech companies "to cut costs" in the current slowdown, and has cash enough to ride out a recession, according to the memo the company sent to investors and employees.
