According to Spanish trade unionCCOO, Getir failed to raise sufficient capital in a recentfundinground.
Now its staff will suffer the biggest harm, the union said in a statement.
It even reached decacorn status, after achieving a $12bn (11bn) in March 2022.
But in the post-pandemic world it has struggled to reach profitability.
At the moment of writing, the startup has declined to comment on its upcoming exit from Spain.
But according to the CCOO, it will comply with the national legal requirements for laid-off employees.
Getirs example proves an overarching trend in Europe: the appetite for rapid grocery delivery is fading away.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
