{"id":58827,"date":"2023-09-25T17:11:59","date_gmt":"2023-09-25T09:11:59","guid":{"rendered":"http:\/\/wordpress-my-161844363.ap-southeast-1.elb.amazonaws.com\/articles\/?p=58827"},"modified":"2024-01-31T16:51:04","modified_gmt":"2024-01-31T08:51:04","slug":"foodpanda-layoffs-grab-sale","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/foodpanda-layoffs-grab-sale","title":{"rendered":"Foodpanda Confirms Layoffs Amidst Talks Of Potential Sale"},"content":{"rendered":"

Major regional food delivery provider Foodpanda has recently confirmed a wave of layoffs last Friday, 22 September. This is being done amidst continued pressure to streamline its operations, despite two previous rounds of layoffs within a year\u2019s time. The company had cut staff in September 2022 and in February 2023.<\/span><\/p>\n

According to The Straits Times<\/a>, who had seen a memo from Foodpanda chief executive Jakob Angele, the company\u2019s current priority is to \u201cbecome leaner, more efficient and even more agile\u201d.<\/span><\/p>\n

The memo allegedly outlined the support for the affected staff, which he said are at least on a par with, or above, market standards. Staff who are being let go will receive a severance package that will vary based on\u00a0 length of service or is aligned with the countries\u2019 statutory guidelines, or both, and garden leave with full pay and benefits.<\/span><\/p>\n

Foodpanda also intends to offer other forms of support, including extended medical insurance, career advisory services, encashment of any unused and accrued annual leave, as well as a waiver of the minimum period of time for the vesting of stock options.<\/span><\/p>\n

The latest round of layoffs at Foodpanda comes during a rather tumultuous time as Foodpanda\u2019s parent firm, Berlin-headquartered Delivery Hero, confirmed plans to sell its Foodpanda business in Singapore, Cambodia, Laos, Malaysia, the Philippines and Thailand.<\/span><\/p>\n

For more info about the sale of Foodpanda by Delivery Hero, <\/span>check out this article<\/span><\/a>.<\/div><\/div><\/span><\/p>\n

Currently, popular ride-hailing company, Grab, is interested in purchasing Foodpanda, and could potentially pay up to \u20ac1 billion (approx. RM4.98 billion) for it.\u00a0<\/span><\/p>\n

The Singapore news daily also reported that Foodpanda is carefully reviewing its organisational structure across both regional and country teams for clearer decision-making, reshuffling the leaders staff report to and consolidating selected functions into a main regional team.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Those being laid-off can expect severance packages and other benefits.<\/p>\n","protected":false},"author":58,"featured_media":58835,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[271,256,216],"tags":[718,1528,323,1529,394,767,982,587],"class_list":["post-58827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-lifestyle","category-news-updates","tag-business","tag-delivery-hero","tag-economy","tag-foodpanda","tag-grab","tag-lifestyle","tag-news","tag-sale"],"acf":[],"yoast_head":"\nFoodpanda Lets Go Of Staff As Sale Talks Continue<\/title>\n<meta name=\"description\" content=\"Foodpanda has recently confirmed that it had laid-off more staff in order to become leaner and more agile amidst talks of a sale to Grab.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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