Munchery Inc., a startup that has struggled to keep up with competition in the costly business of food delivery, said it’s closing operations in three cities and cutting staff.
In an effort to achieve profitability, Munchery will cut about 30 percent of staff, all outside the San Francisco headquarters, a spokeswoman said. Chief Executive Officer James Beriker has been making cuts since last year as he was seeking as much as $15 million to keep the business afloat, Bloomberg reported at the time.
