Grubhub Lays Off 500 Employees Post-Acquisition

Grubhub is laying off approximately 500 employees, representing about 20-23% of its workforce, following its acquisition by Wonder Group Inc. This strategic move comes as Grubhub integrates its operations with Wonder to streamline functions and remove management redundancies. The layoffs impact all teams within the company, although delivery partners remain unaffected. Grubhub, acquired by Wonder for $650 million, was previously valued at $7.3 billion when purchased by Just Eat Takeaway in 2021. CEO Howard Migdal communicated the layoffs through an email and blog post, emphasizing the need for prioritization and speed in achieving business goals. The company aims to maintain its brand and continue operations while focusing on growth and positive cash flow.