Amazon is keeping both feet in the food delivery sector even as competition from the likes of Uber and Postmates takes away market share. In a sign of tough times, Amazon Restaurants has sent home an unknown number of workers in a bid to stabilize the business in a sector that is reportedly making losses. Multiple unconfirmed sources indicated that more than 50 employees have been let go in a restructuring effort.
Amazon Restaurants is struggling in a crowded marketplace that has formidable opponents like Uber, Postmates, GrubHub, DoorDash, Eats and numerous others. The U.S. food delivery market is estimated to be worth more than $40 billion.