Deliveroo to make all its staff shareholders in company
The move will mean all permanent staff, present and future, will be given equity in the company.
The move will be worth over A$18 million for the majority of the 2,000 staff employed in headquarters across 12 markets across the globe. Specifically, 80 staff from the Australian HQ in Melbourne and Sydney, Brisbane and Perth offices will benefit from this shift in employee remunerations. Whilst offering staff share options is a common way for firms to recruit senior staff, very few offer them universally to all, regardless of seniority and at all levels. The announcement will apply to all current and future permanent employees.
In a message to all employees worldwide, the founder and CEO of Deliveroo, Will Shu, said he wanted all of the staff at the company “to be owners” and that the share options was “his way of thanking staff at the company a way of making sure this truly is our company in every way".
"Our phenomenal growth and success has been made possible thanks to the hard work, commitment and passion of the people who make this company what it is, and that deserves recognition which is why I want all employees to be owners in Deliveroo and to have a real stake in the company’s future as we expand and grow."
Following its last fundraising round, the company has raised A$1.2 billion to date and is valued at over A$2.6 billion dollars. Earlier this year, the company announced by the end of 2018 it will have created nearly 600 new tech jobs in just two years.
Deliveroo's country manager Levi Aron said, “Deliveroo is constantly expanding into new regions, now covering 10 cities in Australia, along with strong partnerships with over 4,500 restaurants and over 3,800 trusted riders. This remarkable growth and success is all thanks to the commitment of our teams.”
