Layoffs News: Food-delivery startup Postmates laid off dozens of employees and shuttered its Mexico City office as it vies with with Uber, DoorDash and GrubHub.
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Postmates is an online delivery platform that connects customers with local couriers who can deliver anything from any store or restaurant. The company is headquartered in San Francisco, CA and was founded in 2011 by Sam Street, Sean Plaice, and Bastian Lehmann. Postmates provides merchants the ability to join the platform as partners, which provides them with the benefit of greater exposure through the application, while Postmates benefits from increased order volume. As of December 2018, Postmates is available in 550 cities throughout the United States with one international presence in Mexico City and has over 25,000 merchant partners, contributing to 3 million monthly deliveries.
Layoffs News: Food-delivery startup Postmates laid off dozens of employees and shuttered its Mexico City office as it vies with with Uber, DoorDash and GrubHub.
Postmates informed employees in Mexico City on Tuesday that it's shutting the office there. The company also cut jobs in some U.S. locations.
GrubHub's terrible earnings and more than 40% stock plunge last week is a GrubHub problem, says Postmates co-founder Bastian Lehmann.
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