ChowNow lays off employees

ChowNow, a startup that builds branded online ordering systems for restaurants, today announced layoffs internally, TechCrunch has learned. According to several sources who spoke to this reporter on the condition of anonymity, around 100 people were affected across teams, including onboarding, operations and sales.

“We, like every company, plan our annual budgets far ahead of the upcoming year. The budget we planned for 2022 was large and ambitious. Since then the economy and capital markets have changed, and so it’s prudent that we adjust as well,” founder and CEO Chris Webb told TechCrunch via email. “We made the difficult decision to lay off team members this week. We are deeply grateful for their contributions and they will receive our full support during this time of transition. These actions are never taken lightly, but we believe they are necessary in order to ensure the long-term sustainability of the company and our commitment to supporting local restaurants.” Source: https://tcrn.ch/3PHgElf