FEBRUARY 14, 2024 — RESTRUCTURING WITH 250 LAYOFFS
On February 9, 2024, the Board of Directors of the Company approved restructuring actions with respect to its workforce to improve operational efficiencies and better align the Company’s organizational structure with current business needs, top strategic priorities, and key growth opportunities.
The Restructuring Plan includes a reduction of approximately 250 employees, representing approximately 7% of the Company’s global workforce as of January 31, 2024, with most of these reductions expected to occur by March 31, 2024. Any local separations will be determined at the time and as required by any local consultation or process requirements.
CEO Fidji Simo, “We’re also positioning Instacart to take on our most ambitious bets while streamlining how we operate. Today, we made the tough decision to part with approximately 250 of our talented team members. This will allow us to Reshape the company and flatten the organization so we can focus on our most promising initiatives that we believe will transform our company and industry over the long-term. I am confident this will enable us to execute with even more focus and efficiency moving forward.
OCTOBER 14, 2022 — Original post
San Francisco, California-based Instacart, operator of an app-based grocery pick-up and delivery service using independent contractors as personal shoppers, has announced a cost-containment initiative including a reduction in force prior to its public offering.
The reduction in force will impact approximately 300 employees.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?