Lunchbox lays off employees as food tech startups face downturn

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Lunchbox lays off employees as food tech startups face downturn
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Lunchbox cuts 33% of staff. The food tech startup had raised $72 million to give restaurants an alternative to Grubhub and DoorDash.

said Lunchbox, like other VC-backed companies, had grown too quickly. He said the layoffs hit all divisions, especially engineers and tech roles.

Alamgir, whose company is entirely remote, said he has Zoom calls set for Friday and the weekend to talk to those who were notified of their job loss by email. Nabeel Alamgir is the CEO of Lunchbox. He laid off 60 people on this birthday - Thursday, July 21, 2022.Well before the coronavirus pandemic swept the nation in March 2020, restaurant operators began sounding the alarm about the economic hardships they face when working with third-party delivery apps like Grubhub and Uber Eats.

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