SINGAPORE — Regional food delivery provider foodpanda laid off an undisclosed number of Asia-Pacific staff on Friday , as it continues to face pressure to streamline its operations despite at least two previous rounds of layoffs in the past year.
Angele, who took on his current role in 2017, also outlined the support for the affected staff, which he said are at least on a par with, or above, market standards. According to an advisory on managing excess manpower and responsible retrenchment jointly released by the Government, employers and unions, the prevailing norm for retrenchment benefits is a payment of between two weeks' and one month's salary for each year of service.
The potential sale comes amid a year-on-year decline in the revenue share contributed by Delivery Hero's business in Asia in the second quarter of 2023, as the firm scaled back investments in the region in a push for profit.
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