FRANKFURT (Reuters) - Gorillas will lay off 300 people, cutting its administrative staff in half, as the German grocery delivery app shifts focus from rapid expansion to turning a profit, Chief Executive Kagan Sumer said.
The Berlin-based startup, founded in 2020, has tripled the size of its business since October when it raised 860 million euros ($921 million) but it has not been profitable amid an uncertain economic outlook.
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