Foodpanda reportedly retrenched 5% of their staff members, with about 60 employees being retrenched by the food delivery company, according to CNA.
The retrenchment comes less than 2 months after the company launched their regional headquarters at Robinson Road.
A spokesperson for Foodpanda spoke to CNA and said that their parent company, Delivery Hero, is hoping to remain competitive and trying to become “Ebitda-positive”, which is a reference to achieving profitability for their core operations.
As such, they have decided to retrench their employees, describing the decision as being a “painful” one.
Jakob Sebastian Angele, the company’s CEO for the Asia Pacific region, previously addressed the employees back in July about the cuts and informed them to be prepared to the cost cutting measures.
The company added that they are also “supporting impacted employees to help them through this transition, through employee assistance programmes and extended insurance and benefits.”
They also apologised to the employees who were affected and said that they are “very sorry we let them down,” before adding that “we will forever be grateful for their contributions and dedication to Foodpanda.”
However, according to Straits Times, Foodpanda Singapore is still hiring for roles in their marketing and media departments, as well as still providing internship opportunities, as reflected in the company’s LinkedIn.