27.8 C
New York
Sunday, May 17, 2026
HomeBusinessJust Eat to axe 1,700 jobs to cut costs

Just Eat to axe 1,700 jobs to cut costs

Date:

Related stories

Nepal and Bangladesh leaders feature in TIME 100 Most Influential People of 2026

Highlights: TIME released its “100 Most Influential People of...

Texas man faces federal charges over alleged Molotov attack linked to OpenAI CEO Sam Altman

Highlights: Texas suspect accused of planning an attack targeting...

Tilda launches major Central London activation to mark Chinese New Year

Highlights: Tilda dominated Outernet at Tottenham Court Road for...

SBA loan rule raises concerns for green card holder entrepreneurs in the US

Highlights: SBA to restrict 7(a) small business loans to...

Food delivery platform, Just Eat Takeaway announced plans to cut over 1,700 jobs in the UK, mostly courier jobs, as it cuts costs in the aftermath of massive yearly losses.

The UK company “is reorganizing and simplifying its delivery operation as part of the ongoing goal of improving efficiency,” according to an emailed statement.

“As part of this process, we have proposed moving away from the worker model for couriers” in the UK, it added.

Just Eat Takeaway said its UK division will stop employing its own couriers — and instead will only use self-employed gig economy workers.

Approximately 170 staff in its UK operations team will also be affected by the overhaul, but some could be redeployed.

- Advertisement -

Just Eat Takeaway had revealed earlier this month that acquisition writedowns, the souring economic climate and rising interest rates sparked a massive loss of about 5.7 billion euros ($6.1 billion) last year.

The Amsterdam-based company was created in 2020 after Dutch online service Takeaway.com gobbled up Britain’s Just Eat, and business subsequently boomed on the back of the Covid pandemic-fuelled surge in home delivery, which has since subsided.

The group has also put Grubhub up for sale as it seeks to focus on Europe, having already slashed the value of the US subsidiary it bought for $7.3 billion in 2020.

(AFP)

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories