Deliveroo to cut 350 jobs - 9% of its workforce

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Deliveroo to cut 350 jobs - 9% of its workforce
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The majority of job cuts are expected to impact UK-based jobs.

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Jobs across the Deliveroo business will be impacted, founder and chief executive Will Shu told staff, but it is understood that UK staff will be most affected by the losses. The company head said Deliveroo needed to"go further" to make the company profitable as the COVID-era boom in takeaway orders subsides on the platform.

"We are experiencing record high inflation, rising interest rates, an energy crisis and fears of a recession in the UK."

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