Gopuff, Gorillas and Getir: the party is over

It was inevitable, as investors look for more stable investments in a context of rising interest rates. American company Gopuff cut 3% of its global payroll. On 24 May, Germany’s Gorillas laid off 320 employees at its Berlin headquarters (i.e., 50% of administrative positions) and plans to leave Denmark, Italy, Spain and Belgium. It wants to concentrate on the U.S.A., U.K., France and the Netherlands, which generate 90% of revenues. The Turkish competitor Getir laid off 14% of its payroll (i.e.