Foodpanda-owner Delivery Hero scales down Asia operations

Fallout hits company's Vietnam joint venture with South Korea's Woowa Brothers

20230926 DSA Delivery Hero

As it retrenches in Asia, Delivery Hero is scaling down its joint venture with South Korea's Woowa Brothers in Vietnam. (Screenshot from Delivery Hero's website)

QUYNH NGUYEN., DealStreetAsia

HANOI -- German food delivery giant Delivery Hero has scaled down operations in the Asia-Pacific region as part of its plan to "streamline operations to become leaner and more agile."

"We are sorry to confirm that we had to reduce our team size in the APAC region today, as the need to streamline our operations to become leaner and more agile remains critical," a company statement on Monday read. "In the coming days and weeks, our focus is on supporting impacted colleagues through this difficult time."

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