Getir to Slash 10% of Global Workforce as Fast Delivery Stumbles

08/23/2023 15:40
report
Getir to Slash 10% of Global Workforce as Fast Delivery Stumbles

Turkish startup Getir said it struggled to pay some bills in Germany and will cut more than 10% of its global workforce, as the rapid delivery service seeks to raise new funds and attempt to turn around its cash-hungry business.

Getir’s Late Bills, Staff Cuts Show Delivery’s European Decline

  • Turkish firm closed units in four countries earlier this year
  • Getir’s valuation peaked at $12 billion during the pandemic

A courier for the food delivery service Getir in Barcelona, Spain.

Photographer: Angel Garcia/Bloomberg

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Turkish startup Getir said it struggled to pay some bills in Germany and will cut more than 10% of its global workforce, as the rapid delivery service seeks to raise new funds and attempt to turn around its cash-hungry business.

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