Deliveroo to cut 300 jobs amid inflation, interest rates, and UK recession fears

Deliveroo's shares have lost 40% of their value over the last 12 months

The cuts at the company, which has operations in Britain, Ireland, Belgium, France, and Italy, as well as other markets, will likely fall most heavily in Britain, its largest market.  File photo

Takeaway delivery firm Deliveroo has said it would cut around 9% of its global office workforce, or around 300 roles, as it struggles to become profitable in a tougher consumer environment that has caused orders to slow.

The cuts at the company, which has operations in Britain, Ireland, Belgium, France, and Italy, as well as other markets, will likely fall most heavily in Britain, its largest market.