Wonder cuts 150 jobs to fund robotics push and expansion

Wonder, the New York-based food-delivery venture founded by serial entrepreneur Marc Lore, is eliminating 150 positions, roughly 7% of its workforce, to concentrate on robotics and automation. The reductions span several corporate departments, yet the company will keep its 140 current retail kitchens operating and aims to reach 175 locations by year-end. In a statement, Wonder highlighted that the shift will free capital for key growth initiatives, including physical expansion and advanced kitchen technology.

The decision comes after a July investment of $650 million that lifted the firm’s valuation to $9 billion and follows high-profile acquisitions such as Grubhub and Blue Apron. Despite the cuts, Wonder does not expect positive cash flow until 2030 and projects a cash burn of nearly $2.7 billion through 2029. The company is positioning itself for an initial public offering within the next one to two years.