Instacart Axes 250 Jobs As It Streamlines Operations

Grocery-delivery giant Instacart is eliminating approximately seven per cent of its workforce, or 250 jobs, as it restructures its business.

What’s happening at Instacart?

In her Q4 2023 letter to shareholders, CEO Fidji Simo said the layoffs will “allow us to reshape [Instacart] and flatten the organization so we can focus on our most promising initiatives that we believe will transform our company and industry over the long-term.”

“I am confident this will enable us to execute with even more focus and efficiency moving forward.”

According to a regulatory filing, Maplebear Inc. (doing business as Instacart) is anticipating approximately US$19 million to US$24 million in non-recurring charges — predominantly related to cash expenditures for employee transition, severance payments, and benefits.

Most of the job cuts are expected to occur by the end of March.

Impact on Canadian staff

It remains unclear if any Canadian employees are affected by the latest reduction at Instacart.

The company has more than 900 workers in the country, according to its LinkedIn page.

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