At the end of 2022, the Turkish delivery service giant Getir acquired the German unicorn Gorillas for the amount of 1.2 billion dollars (we reported). But now the company is massively reducing its business in Germany, among other places. Not only did Getir announce massive job cuts on Tuesday, according to manager magazine The Turkish decacorn is now withdrawing from Germany on a large scale. The company is giving up 17 of its current 23 cities, most of which are former Gorillas locations.
Getir acquires delivery service rival Gorillas for $1.2 billion
Getir is laying off around 2,500 employees
The cities in which Getir is now breaking up its tents include Stuttgart, Heidelberg, Karlsruhe, Dresden, Leipzig and Bremen. Only Getir was active in Dortmund, not Gorillas. They also want to stop business there. In the future, Getir will only concentrate on six cities: Berlin, Munich, Hamburg, Frankfurt am Main, Düsseldorf and Cologne. Rival Flink says it is active in 46 German cities.
This announcement comes shortly after the announcement of the major clearcut. On Tuesday, the company announced that it would lay off around ten percent of its employees – around 2,500 employees. This should also include numerous drivers and employees in warehouses in Germany. Getir itself does not provide any information about how many employees in Germany are affected. There are also said to be layoffs in other countries. According to its own information, the delivery service has so far employed 23,000 people in five countries for the delivery service.
Delivery service Flink collapses into bankruptcy in Austria
Takeover of rival Flink failed
Getir is not only backing down in Germany. Just a few weeks ago, Decacorn announced that it wanted to completely cease business in Spain, Portugal and Italy. It is not known how many employees had to leave the company as a result. At the time it was said that the company wanted to concentrate its business in Europe primarily on Germany. When taking over Gorillas, the aim was to form the clear European market leader and, on this basis, to attract new investors. Getir CEO Nazim Salur also wanted to take over the German market leader Flink. But a takeover failed – and since then Salur has had problems getting investors interested in Getir’s plans.
Since the beginning of the year, the company has reportedly been trying to raise $500 million in financing, although $1 billion was originally considered. But so far only the Abu Dhabi sovereign wealth fund Mubadala has granted a convertible loan worth around $250 million. Far too little to continue the growth path originally planned in Germany.
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