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Delivery Hero closes hubs in Taiwan, Turkey in push to cut costs

Bloomberg
Updated ·1-min read
Signage for Delivery Hero SE at the company's headquarters in Berlin, Germany, on Sunday, Aug. 21, 2022.
Signage for Delivery Hero SE at the company's headquarters in Berlin, Germany, on Sunday, Aug. 21, 2022. (Bloomberg)

By Agatha Cantrill

(Bloomberg) — Delivery Hero SE is closing tech hubs in Taiwan and Turkey and will cut jobs at it headquarters in Berlin, the German food delivery company said in a statement on Monday.

The job cuts mean the company has reduced its workforce by about 13% during the course of 2023, including a round of layoffs in January, Delivery Hero said.

The hub closures and cuts are part of the company’s strategy to increase the efficiency and quality of Delivery Hero’s main platform and Quick Commerce businesses, Chief Executive Officer Niklas Oestberg said in the statement.

Delivery Hero’s Asian business, which is its largest market, has stagnated after pandemic-era lockdowns eased. In September, Delivery Hero said it is in talks to sell the Foodpanda brand in several southeast Asian nations, including Singapore, Malaysia, Philippines and Thailand.

©2023 Bloomberg L.P.