Quick commerce taking it the hardest… https://techcrunch.com/2022/05/25/getir-the-12b-instant-delivery-startup-plans-to-axe-14-of-staff-globally-and-cut-aggressive-expansion-plans/ #tech #layoff
Never heard of them
That’s why it’s important to start in Silicon Valley. Unfortunately, Location, Location, Location still holds true for many things… Like IPOs too.
Europe doesn't matter
Literally who
14% of their workforce is 4480 people? And they are a "startup"? With like 32k people? Jeez
Paid in Turkish lira
Google is right. I'm a junior developer at getir in turkey and my gross monthly salary is 1500 USD. And it's getting lower because our currency is loosing value against USD everyday. Seniors gets paid more of course but cost is still very less compare to europe or usa. Non technical roles cost even less.
Gorillas had a layoff in Berlin yesterday. Shits getting real.
I had no idea Getir had 32 thousand employees, holy shit
Eu startups, like Gorillas, Getir in speedy food delivery. Now EU startups are being hit, wave of layoffs
Does it include a lot of ops/ contract delivery drivers? Sucks for them as well, but this happens often with these delivery companies.
Here is the reason why companies are doing this. Sequoia Capital and YC are advising them to cut back. https://techcrunch.com/2022/05/24/sequoia-capital-plays-nostradamus-again/ https://techcrunch.com/2022/05/19/yc-advises-founders-to-plan-for-the-worst/ Here is the Slides…. https://www.theinformation.com/articles/sequoia-warns-founders-of-crucible-moment-advises-how-to-avoid-the-death-spiral Can anyone pull them out of that link? I am not a member of this news org. Sequoia also did this in 2008 https://articles.sequoiacap.com/rip-good-times And in 2020…. https://medium.com/sequoia-capital/coronavirus-the-black-swan-of-2020-7c72bdeb9753
Getir? Never heard of this one.