The technology industry has been hit hard by layoffs this year, and GrubHub is the latest to cut staff. The company’s CEO Howard Migdal announced today that the company will be letting go of roughly 400 employees, or 15 percent of its corporate workforce. The layoffs will supposedly help Grubhub stay "competitive" with the market.He said, "Over the last few months, I met with Grubhub teams to learn about the business from the ground up; I spoke to restaurants and diners to understand their needs – and challenges – when using our service." Impacted employees will be "notified over the next several hours." Migdal goes on to say that he understands that this will be a difficult time for all employees. For those who are keeping their jobs, he claims that more details about “our future together” will surface in the coming days.Back in March of this year, Grubhub’s then CEO Adam DeWitt announced that he would be stepping down at the start of May amid increasing economic pressure.
