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Fast-Delivery Startup Jokr Cuts Back US Operations to Focus on Latin America

JOKR grocery handout

Source: Jokr

Rapid delivery startup Jokr is pulling back from its US operations to focus on its core Latin America business, joining a growing number of similar companies that are paring down and prioritizing profitability amid fading investor enthusiasm.

Jokr said it will end delivery operations in Boston and New York, which include a network of nine micro-fulfillment centers out of about 200 worldwide. As part of the restructuring, the company will also cut about 50 workers from its 950-member office staff globally.