Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.
Layoffs, shutdowns and cuts across food tech are getting serious, and no sector underscores that more right now than restaurant tech. One CEO, Chris Webb of ChowNow, believes that while business is strong for now, everyone is nervous about what the coming months will bring, and this dynamic has created the widespread layoffs we’re now seeing. ChowNow itself just cut nearly 100 employees, and several others including NextBite, Sunday, and DoorDash, also had to make some tough choices.
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