Grubhub lays off workers

 

Grubhub will lay off 400 employees.  CEO Howard Migdal announced the plan in a letter that cited rising operating costs.  The layoffs will reduce Grubhub's headcount by 15%. Employees were to be told on June 12 if the cuts affect them. Migdal noted that the company had grown larger than its pre-pandemic size in 2019. Grubhub controls a 9% share of the U.S. meal delivery market, according to Bloomberg.