iFood slows down tech hiring and fires recruiting teams

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The food delivery platform has fired teams related to attracting talent in the human resources department

Among the startups with the most momentum during the pandemic, iFood fired part of its talent recruiting team after slowing the filling of vacancies in the tech sector. According to Estadioat least 20 people were laid off last Monday, 20, in a move indicating the company has pulled the brakes.

iFood confirmed the layoffs in a note to the report: “iFood is restructuring some areas, seeking greater efficiency and focus for its business. Unfortunately, the prioritization and review process has led to the firing of some people and the deceleration of new ones If before our recruiting team brought in more than 200 people per month, today that number has decreased by half. We continue to look for professionals in the technological and commercial area and today we have more than 100 open positions in these areas “.

The news took employees by surprise, who said the startup was operating normally until last May. According to former employees interviewed by the report, the climate began to change in early June, when the company reportedly halted its selection processes and froze nearly 80% of front-end and back-end offerings. The former employees also say that they were now forced to take rest days during the week and that the pace of work had dropped dramatically.

On Monday 20, individual meetings were called with the recruiters (which also include the consultant experience consultants, whose job is to facilitate the selection process) to announce the layoffs, attributing the cuts to the bad macroeconomic moment.

The slowdown of one of the largest national startups is yet another yellow light for the national innovation environment, which has seen layoffs, project slowdowns and renovations in some of its major unicorns, the name given to rare tech companies with a higher market valuation. $ 1 billion, such as Ebanx, QuintoAndar, Loft and Olist.

post-pandemic life

Founded in 2011, iFood was one of the fastest growing startups during the covid-19 pandemic. With the social isolation needed to fight the novel coronavirus, the restaurant and market delivery sector has gained momentum by uniting customers with locals, without them having to take to the streets.

Also, during this time, the startup gained momentum by being a source of income for motoboys – who, aware of the company’s increased revenue and faster work pace of the period, created Apps Breque, an interruption that includes not only the delivery partners of the Brazilian startup, but also of Rappi and UberEats.

During the period of the pandemic, the Brazilian startup entered the food benefit market, with flexible vouchers that can be used on the platform. In addition, iFood’s parent company, Movile, raised R $ 1 billion to expand the operations of its companies.

Experts point out, however, that post-pandemic life can be difficult for startups that have been boosted since 2020. With the end of isolation and the success of vaccinations, people are back on the streets and restaurants open their doors, the which slows the growth of companies like iFood.

Other factors that put the startup under pressure are the escalation of inflation, which puts pressure on the consumer’s pockets; rising interest rates, which make it more difficult to increase investment rounds; and the war in Ukraine, which disrupts world production chains, making fuels and energy more expensive, for example.

Source: Terra

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