Getir, a Turkish food delivery startup, announced that it’s pulling out of Italy, Spain, and Portugal. These kinds of super-fast grocery delivery companies became very popular during the COVID-19 pandemic, but have faced challenges as more people have gone back to shopping in stores. Getir stated it plans to leave these countries in a well-planned way. Meanwhile, the company is finalizing a funding round and will continue to operate in the UK, the US, Germany, the Netherlands, and Turkey, where it makes 96% of its money.
A month ago, a big union in Spain said that Getir was stopping its business there and laying off all its workers. Getir did not give any details about job cuts. The company believes that leaving these three markets will let it focus its money on markets where it has a better chance of making a profit and growing in a sustainable way.
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