Just Eat Takeaway.com NV

Just Eat Takeaway.com NV owns and manages online food delivery marketplace. The firm connects consumers and restaurants through its platform and also offers delivery services. It operates through the following geographical segments: North America; Northern Europe; United Kingdom and Ireland; and Southern Europe, and Australia and New Zealand. The North America segment includes the U.S. and Canada. The Northern Europe segment consists of Austria, Belgium, Denmark, Germany, Luxembourg, Norway, Poland, Switzerland, Slovakia, and the Netherlands. The Southern Europe and ANZ segment refers to Australia, Bulgaria, France, Israel, Italy, New Zealand, Portugal, Romania, and Spain. The company was founded by Jitse Groen and Laurens Groenendijk in 2000 and is headquartered in Amsterdam, the Netherlands.

Just Eat Takeaway.com NV engages in the online food delivery marketplace. The firm connects consumers and restaurants through its platform and also offers delivery services. It operates through the following geographical segments: North America, Northern Europe, United Kingdom and Ireland, and Southern Europe, and Australia and New Zealand. The North America segment includes the U.S. and Canada. The Northern Europe segment consists of Austria, Belgium, Denmark, Germany, Luxembourg, Norway, Poland, Switzerland, Slovakia, and the Netherlands. The Southern Europe and ANZ segment refers to Australia, Bulgaria, France, Israel, Italy, New Zealand, Portugal, Romania, and Spain. The company was founded by Jitse Groen and Laurens Groenendijk in 2000 and is headquartered in Amsterdam, the Netherlands.

CEO Howard Migdal told employees Monday that the company will cut 15% of its staff as it operates "in a highly competitive and constantly evolving industry."

Grubhub lays off 15% of corporate workforce

Grubhub is the latest food delivery service to cut jobs amid ongoing pressures on its industry. The company announced Monday (June 12) that it is reducing staffing levels by 15%, a move that will impact about 400 employees.

Grubhub Cuts Staff by 15% to Maintain ‘Competitiveness'

Grubhub is laying off 400 corporate employees, about 15% of its workforce, amid higher costs and declining orders.

Grubhub is laying off 15% of staff

Grubhub is planning to lay off about 15% of its workforce, the Wall Street Journal reported Monday, citing an email to staff it has obtained. Chief Executive Howard Migdal said that Grubhub is cutting about 400 positions, and that the company would inform workers about the cuts throughout the day.

Grubhub plans to lay off about 15% of staff, or 400 positions: WSJ

The food-delivery company plans to cut around 400 jobs, with CEO Howard Migdal saying the move is needed to stay competitive.

Grubhub to Lay Off About 15% of Staff

Food delivery company Grubhub said it would lay off 15% of its corporate workforce, or 400 employees, citing a need to maintain competitiveness.

Grubhub lays off 15% of corporate workforce, or about 400 employees

As aggregators look for new ways to drive adoption, Grubhub is going after the extended-stay hospitality market with a new partnership, teaming with Homewood Suites by Hilton to offer delivery at close to 500 of the hospitality chain's locations.

Grubhub Joins Aggregators Making Play for Extended-Stay Guests' Spending

On the menu: A seamless experience ordering meals for delivery from Grubhub's network of more than 365,000 restaurants while staying with Homewood Suites CHICAGO and MCLEAN, Va. , June 8, 2023 /PRNewswire/ -- Grubhub , a leading online and mobile food-ordering and delivery platform, and Homewood Suites by Hilton, the award-winning extended-stay brand, are taking the guesswork out of ordering a meal while traveling through their latest partnership.

Grubhub and Homewood Suites by Hilton Bring Food Delivery to Guests at U.S. Hotels

Nearly a year after Grubhub first announced its partnership with Amazon to offer Prime members free yearlong Grubhub+ subscriptions, the aggregator shared Monday (June 5) that the two companies are extending the deal and stepping it up by offering two years — a testament to Grubhub's commitment to its partnerships strategy.

Grubhub+ Doubles Down on Partnership Strategy With 2-Year Amazon Extension

Prime members have already saved hundreds of millions of dollars on Grubhub Prime members who haven't taken advantage of the Grubhub+ offer can sign up by July 5, 2023 to receive Grubhub+ for free for 24 months CHICAGO and SEATTLE , June 5, 2023 /PRNewswire/ -- Grubhub and Amazon today announced the extension for an additional year of their free one-year Grubhub+ offer for Amazon Prime members in the United States. Prime members who have already signed up for Grubhub+ since the one-year offer was introduced on July 6, 2022, can keep enjoying Grubhub+ and will now receive an additional 12 months for a total of 24 months of Grubhub+ for free, at no added cost to their Prime membership.

Grubhub and Amazon Extend One-Year Free Grubhub+ Offer for U.S. Prime Members

Grubhub is launching a pilot program with Joco, a docked e-bike rental platform based in New York City, to provide at least 500 gig delivery workers with free access to e-bikes. Ensuring that delivery workers have access to high-quality e-bikes has been a major discussion point in NYC after a spate of battery fires.

Grubhub, Joco team up to give NYC delivery workers access to e-bikes

As aggregators compete for college students' loyalty, Grubhub is leveraging technology to boost convenience.

Grubhub Steps Up Student Tech Offerings to Build Long-Term Loyalty

Uber

Deliveroo PLC (LSE:ROO), Just Eat Takeaway.com NV (LSE:JET, NASDAQ:GRUB) and Uber Eats could face fines after several of their delivery drivers were arrested in London and the south of England as part of a Home Office crackdown on supposed illegal immigrants.  Around 60 learner-plated moped riders were arrested by police over six days, leading to almost three-quarters of them being detained by the Home Office.

Deliveroo, Just Eat and Uber Eats face fines after police arrest 60 delivery drivers

Just Eat Takeaway.com's declining orders suggest consumers are making more conservative choices about food spending. The multinational restaurant delivery aggregator saw orders fall by 14% year over year in the first quarter of 2023, from 263 million to 228 million, the company reported in a presentation shared with analysts Wednesday (Apr. 19).

Just Eat's 14% Drop in Orders Suggests Inflation Taking Toll on Delivery

Starting today, Manhattan diners can pre-order the Maisel Tov Martini, a first-of-its-kind delivery experience exclusively on Grubhub

Grubhub Created a Pastrami-Inspired Martini So Diners Can Toast to the Series Finale of The Marvelous Mrs. Maisel on Prime Video

GrubHub

Students on Transact-enabled campuses can order from off-campus restaurants through the Grubhub Marketplace using their campus card CHICAGO and PHOENIX , March 27, 2023 /PRNewswire/ -- Grubhub, a leading food ordering and delivery marketplace, and Transact Campus "Transact," the award-winning leader in innovative mobile credential and payment solutions for a connected campus, today announced a partnership to integrate Grubhub's Marketplace into Transact Mobile Ordering, a robust mobile-first application with capabilities for food ordering, pickup and delivery. This first-of-its-kind integration enables students at campuses where Transact's mobile app is enabled to order from on- and off-campus restaurants via Grubhub's restaurant network using their campus card for a seamless ordering experience.

Grubhub and Transact Campus Expand Partnership with First-of-Its-Kind Integrated Mobile Ordering Solution

As food delivery aggregators feel the macroeconomic pressures, some are responding with major layoffs.

Just Eat Cuts 1,700 Drivers in Return to Gig Model

Just Eat Takeaway is letting go of around 1,700 delivery drivers with concerns it may be pivoting back towards the gig economy to save on costs. A Just Eat spokesperson, quoted in The Telegraph, said the company is “reorganising and simplifying its delivery operations as part of the ongoing goal of improving efficiency.

Just Eat sparks fears it is pivoting back towards the gig economy as drivers culled, report

Quite what you should do is up to you, but something really should be done. The Just Eat/Grubhub ADR program is about to end. Owners should therefore do something.

Just Eat's ADR To Disappear - What Can Investors Do?

Food delivery platform Grubhub has now experienced two major leadership changes in less than two years. The U.S. arm of Just Eat Takeaway (OTCUS: JTKWY) announced on Monday that CEO Adam DeWitt, an 11-year veteran of the company, will step down.

On the menu for Grubhub? A new chief executive

Grubhub's chief executive is stepping down as economic pressures transform the landscape of on-demand delivery. On Monday (March 13), the Chicago-based aggregator, a subsidiary of Just Eat Takeaway.

Grubhub CEO Exits Amid Turmoil in On-Demand Delivery Industry

Just Eat Takeaway.com N.V. (OTCPK:JTKWY) Q4 2022 Earnings Conference Call March 1, 2023 2:30 AM ET Company Participants Jitse Groen – Chief Executive Officer Andrew Kenny – Chief Commercial Officer Jörg Gerbig – Chief Operating Officer Brent Wissink – Chief Financial Officer Conference Call Participants Miriam Josiah – Morgan Stanley Jo Barnet-Lamb – Credit Suisse Andrew Gwynn – BNP Paribas Exane William Woods – Bernstein Georgios Pilakoutas – Numis Chris Johnen – HSBC Adrien de Saint Hilaire – BofA Silvia Cuneo – Deutsche Bank Miriam Josiah – Morgan Stanley Marcus Diebel – JPMorgan Sreedhar Mahamkali – UBS Operator Good day and welcome to the Just Eat Takeaway.com Full Year 2022 Results Call.

Just Eat Takeaway.com N.V. (JTKWY) Q4 2022 Earnings Call Transcript

Just Eat Takeaway.com NV (LSE:JET, NASDAQ:GRUB) has returned to core profitability for the first time since the pandemic-era boom in home deliveries, the company today reported. After posting crushing losses of €350mln (£310mln) in 2021, the Dutch Deliveroo rival closed 2022 €19mln in the black per adjusted EBITDA figures.

Just Eat Takeaway returns to core profit, but impairments send comprehensive losses soaring

Just Eat Takeaway.com NV on Wednesday reported a widened 2022 net loss after booking a 4.6 billion euro ($4.87 billion) impairment in its accounts due to past equity funded acquisitions, and backed its full-year forecast.

Just Eat Takeaway.com reports wider 2022 loss after booking $4.87 billion impairment

Just Eat Takeaway.com , Europe's largest meals delivery company, swung to a small 2022 core profit on Wednesday and said it was targeting 225 million euros of core profit this year.

News for Just Eat Takeaway.com NV Stock (JTKWY)