💨 Abstract

Grubhub CEO Howard Migdal announced a layoff of approximately 500 employees due to the company's focus on aligning its business with Wonder, a food delivery startup recently acquired by Walmart's former executive Marc Lore. Grubhub was previously owned by Just Eat Takeaway, which sold its U.S. unit for $650 million.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖