Olo has laid off an undisclosed number of workers, the company confirmed in an email to Restaurant Dive.
“These strategic organizational changes will enable us to focus our resources on the key areas that matter most to our customers,” an Olo spokesperson wrote. Former Olo employees posted on LinkedIn this week that the company was cutting jobs.
The layoffs follow Olo’s acquisition by Thoma Bravo, which closed last week. But the restaurant tech firm has undergone several rounds of layoffs in recent years. In 2023, Olo laid off 11% of its workforce, and the next year — despite turning a profit — the company cut 9% of its staff. At the end of 2024, the company had 617 employees, according to its 10-K.
Last month Restaurant365, another restaurant tech company, laid off about 9% of its staff, according to press reports. Grubhub eliminated more than 500 roles after it was acquired by Wonder.
Outside of the tech sector, there have been a substantial number of restaurant corporate layoffs this year. In February, Starbucks laid off more than 1,000 workers, and Bloomin Brands, Dine Brands, Denny’s and TopGolf all eliminated jobs early in the year. Last month, Sweetgreen cut a substantial portion of its support center roles.
