https://layoffcheck.com/companies/oda Layoff and WARN notices reported for Oda. en-us https://layoffcheck.com/companies/oda#2024-06 https://layoffcheck.com/companies/oda#2024-06-780 Wed, 05 Jun 2024 12:00:00 GMT SoftBank-backed online grocery startup Oda cut 150 employees in early June 2024, pulling back from international expansion to concentrate on Norway and Sweden. The Oslo-based company had previously entered Finland and Germany, but new CEO Chris Poad, who joined in April 2024 from stints at Amazon, Tesco, and Google, concluded those markets were unsustainable. "Online grocery is hard," Poad said, pointing to complex orders, perishable items, multi-temperature supply chains, and intense price sensitivity. Poad replaced co-founder Karl Munthe-Kaas, who stepped aside following what Norwegian media described as the company's "foreign fiasco." Oda's valuation had fallen from roughly $900 million in 2021 to approximately $245 million before the layoffs, a decline that mirrored broader struggles across the online grocery delivery sector. https://layoffcheck.com/companies/oda#2022-11 https://layoffcheck.com/companies/oda#2022-11-2885 Tue, 01 Nov 2022 12:00:00 GMT Oda reported a workforce reduction in Oslo in November 1, 2022.