About 2,500 employees will be cut overall, and the company will continue to operate in Turkey, the UK, Germany, the Netherlands and the US, Istanbul-based Getir said in a statement to Bloomberg on Tuesday.
Many units still struggled after the company exited those markets. Founder and Chief Executive Officer Nazim Salur told employees at an all-hands meeting in July that Getir’s only profitable unit is its home market of Turkey, according to two people who were on the call.
The company’s European business is teetering less than a year after it acquired Gorillas GmbH, a competitor with a strong presence in Germany and the UK that had boomed during the pandemic.A Getir spokesperson declined to comment beyond its statement on its restructuring. Some details of the latest dismissals were reported by the Insider on Monday, citing unidentified people familiar.
Abu Dhabi sovereign wealth fund Mubadala Investment Co., a major investor in Getir, has pledged continued support.