U.S. markets closed
  • S&P 500

    3,831.57
    +6.24 (+0.16%)
     
  • Dow 30

    30,967.12
    -130.14 (-0.42%)
     
  • Nasdaq

    11,322.24
    +194.39 (+1.75%)
     
  • Russell 2000

    1,735.01
    +7.25 (+0.42%)
     
  • Crude Oil

    99.69
    -8.74 (-8.06%)
     
  • Gold

    1,766.50
    -35.00 (-1.94%)
     
  • Silver

    19.04
    -0.56 (-2.84%)
     
  • EUR/USD

    1.0269
    -0.0155 (-1.49%)
     
  • 10-Yr Bond

    2.8090
    -0.0800 (-2.77%)
     
  • GBP/USD

    1.1959
    -0.0145 (-1.20%)
     
  • USD/JPY

    135.7920
    +0.1320 (+0.10%)
     
  • BTC-USD

    20,395.91
    +571.92 (+2.88%)
     
  • CMC Crypto 200

    440.55
    +0.52 (+0.12%)
     
  • FTSE 100

    7,025.47
    -207.18 (-2.86%)
     
  • Nikkei 225

    26,423.47
    +269.66 (+1.03%)
     

Turkish fast delivery firm Getir to cut 14% of staff -source

·1 min read
Amsterdam and Rotterdam move to ban new "dark store" delivery hubs in the city centres

ISTANBUL (Reuters) - Turkish fast grocery delivery company Getir plans to cut 14% of its staff globally, a source with the knowledge of the matter told Reuters.

Founded in 2015, Istanbul-based Getir operates in around 50 cities across seven European countries, the United States as well as all major cities in its home country.

The source said the decision was taken due to rising global inflation and costs.

In March, the company closed a $768 million funding round, valuing the company at around $12 billion, with participation of Abu Dhabi Growth Fund (ADG), Alpha Wave Global, Sequoia Capital and Tiger Global.

Getir was not immediately available for comment.

(Reporting by Ebru Tuncay; Writing by Ezgi Erkoyun; editing by David Evans)