Grubhub Lays Off 20% of Workforce After Wonder Acquisition
**Grubhub Lays Off 20% of Workforce After Wonder Acquisition**
By Theo Wayt
7 hours ago
Source: The Information
Grubhub is cutting about 500 jobs, representing just over 20% of its workforce, weeks after the food delivery service was acquired by Marc Lore's food company Wonder.
In a memo announcing the cuts, Grubhub CEO Howard Migdal said the move would help Wonder and Grubhub "work together to achieve our ambitious mission of becoming the primary destination for mealtime." Grubhub had about 2,400 employees as of last year.
Wonder, which also operates restaurants in the northeastern U.S. and the Blue Apron meal service, has raised $1.8 billion, according to Pitchbook. Wonder completed its $650 million acquisition of Grubhub from European delivery firm Just Eat Takeaway in January.