Grubhub lays off 15 percent of its employees

The technology industry has been hit hard by layoffs this year, and GrubHub is the latest to cut staff. The company's CEO Howard Migdal announced today that the company will be letting go of roughly 400 employees, or 15 percent of its corporate workforce. The layoffs will supposedly help Grubhub stay "competitive" with the market. He said, "Over the last few months, I met with Grubhub teams to learn about the business from the ground up; I spoke to restaurants and diners to understand their need...