Foodpanda’s Asia-Pacific CEO cited the necessity for the corporate to be “extra agile” because it lays off workers within the Asia-Pacific area amid talks of partial sale.
In a letter from foodpanda’s Asia-Pacific CEO Jakob Sebastian Angele to workers, he stated the corporate must streamline its operations so it could actually tackle “a extra structured method for the approaching days”.
“These choices are all the time very powerful and comprehend it impacts all of you, so I’m really sorry we’ve got to place everybody via this. There’s nothing I can say to make this higher,” he wrote.
On Sep 20, foodpanda’s Berlin-based proprietor Supply Hero confirmed talks on a partial sale of its Asia enterprise, including that the deal’s worth was nonetheless underneath negotiation. It plans to promote its foodpanda enterprise in “chosen Southeast Asia markets”.
In response to CNA’s queries, foodpanda stated on Saturday (Sep 23) that its focus can be on “supporting impacted colleagues via this tough time”.
“We’re extraordinarily sorry to colleagues who’re leaving us and are grateful for his or her contributions to foodpanda,” it added in its assertion.
The corporate didn’t reply questions in regards to the variety of affected employees in Singapore or which departments they got here from.
In his letter to workers, Mr Angele stated that affected workers members would obtain assist, together with a severance package deal based mostly on their size of service or one that’s aligned with the nation’s statutory pointers.
These affected by the job cuts might also receives a commission gardening depart and prolonged medical insurance coverage protection. Workers may also encash any unused and accrued annual depart in 2023.
The latest spherical of layoffs by foodpanda comes a few yr after it reduce jobs in September 2022, affecting workers in Singapore.
Earlier this week, foodpanda stated: “Supply Hero confirms negotiations with a number of events relating to a possible sale of its foodpanda enterprise in chosen Southeast Asia markets.
“Any discussions or plans are of their preliminary levels.”
The Wirtschaftswoche enterprise journal first reported that Singapore’s Seize may pay a little bit greater than €1 billion (US$1.07 billion) for Supply Hero’s Asia enterprise.
Seize declined to remark.
Supply Hero has been specializing in reaching profitability whereas sustaining progress as investor confidence within the firm began to wane after a pandemic-driven enhance.
The group has stated that it reached an adjusted revenue earlier than curiosity, tax, depreciation and amortisation (EBITDA) within the first six months of the yr, though it didn’t quantify it, after a lack of €323 million in the identical interval a yr earlier.