This food delivery company lays off 500 employees: Read what the CEO has to say

Grubhub, the food delivery company, has announced plans to cut approximately 500 jobs, representing more than 20% of its workforce. This decision comes in the wake of its recent acquisition by Wonder, a New York-based food delivery startup, for $650 million.
Grubhub CEO Howard Migdal explained that the layoffs are part of the company's efforts to align its business with Wonder and streamline operations. "Since we closed the transaction with Wonder, we have been aligning on how our businesses work together to achieve our ambitious mission of becoming the primary destination for mealtime," Migdal said in a statement. "In order to achieve our ambition, we must prioritize the right work and execute with speed and conviction by reducing management layers, bringing leaders closer to the business, and removing duplication."=
The job cuts will affect all teams within Grubhub as the company integrates with Wonder. Impacted employees will receive severance packages and job placement assistance. The layoffs are aimed at maximizing the company's potential, creating opportunities for leaders at both Wonder and Grubhub to take on expanded roles and responsibilities in support of their shared vision.
Grubhub, which had about 2,200 employees before the announcement, has been working on improving its core business and expanding into new verticals. The company has recently partnered with autonomous technology startup Avride to deploy delivery robots on college campuses across the US, addressing labor shortages and reducing dependence on cars.