Paul Burns, CEO of SkipTheDishes, wrote on LinkedIn that its European parent company Just Eat Takeaway.com is cutting 700 employees based in Canada. Winnipeg-based subsidiary SkipTheDishes will also cut 100 of its own Canada-based employees as the food delivery companies restructure, Burns wrote. (The Logic)
Talking point: Amsterdam-based Just Eat Takeaway.com has been slimming down, pulling out of France and New Zealand and announcing it’s considering selling Chicago-based subsidiary Grubhub. Meanwhile, the company started a €150-million share buyback at the end of July, in part to cover its share-based compensation obligations. Just Eat agreed to acquire Saskatoon-founded SkipTheDishes in 2016 for $110 million, and merged with Takeaway.com in 2020 as pandemic lockdowns prompted fierce competition in the food-delivery industry. But this year Canadians have been cutting back on dining out and reported they’re struggling to keep up with restaurant tipping.