Travis Kalanick's $15 billion food tech company cuts employees globally in profitability push

• City Storage Systems' restaurant tech arm cut staff this week, including more than 80 in the US.
• Otter, which runs a number of software and hardware businesses, is seeking profitability.
• Otter has $80 million in annual recurring revenue and continues to grow, an executive said on Thursday.

Six months after layoffs at food technology company City Storage Systems, another round of cuts hit teams globally, per leaked audio obtained by Business Insider.

More than 80 US employees were cut at Otter, the company's restaurant tech arm, said a source familiar with the people laid off. Layoffs also affected teams in Canada and Latin America, among other regions.