Deliveroo has said it plans to axe about 350 roles, amid a slowdown in the number of people ordering takeaways.
It is understood the majority of the cuts will affect UK-based employees.
The delivery firm’s founder, Will Shu, told staff on Thursday that it will cut 9 per cent of roles, as it became the latest tech business to cut jobs.
Deliveroo said it expects the total number of workers to be made redundant to be “closer to 300” due to redeployments elsewhere in the business.
“The world we operate in has changed,” Mr Shu said.
“In recent years we grew our headcount very quickly. This was a response to unprecedented growth rates supported by Covid-related tailwinds.
“By contrast, we now face serious and unforeseen economic headwinds.
“Quite bluntly, our fixed cost base is too big for our business.”
