German grocery app Gorillas to cut staff in search of profit


FILE PHOTO: Bikes of the fast grocery deliverer Gorillas are parked as Amsterdam and Rotterdam have moved to ban new "dark store" delivery hubs in the city centres, in Rotterdam, Netherlands February 8, 2022. Picture taken February 8, 2022. REUTERS/Piroschka van de Wouw/File Photo

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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