Grocery delivery brand Getir is to pull out of the UK, Germany, the Netherlands, and the US to focus on its home market of Turkey amid heavy competition and waning demand for rapid home deliveries.
Getir cut more than 10% of its workforce - some 2,500 jobs - in 2023 and pulled out of France, Spain, Italy, and Portugal as the cost of living crisis dampened demand for grocery deliveries.
BYD made $630m (£502m) in the first three months of the year, some 47% lower than the previous quarter.
Premier Inn brand owner Whitbread is to cut around
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