Monday, May 18, 2020

Swiggy downsizes and part ways with 1100 employees in India amid COVID-19

Swiggy announced an unfortunate downsizing and layoff 1100 employees spanning across grades and functions in cities and head office over the next few days in India following the Coronavirus outbreak. According to an email sent to employees by Sriharsha Majety, the Co-Founder and CEO of the company, the core food delivery business has been severely impacted in the country due COVID-19 and he expects this to remain the same over the next few months. So in order to reduce costs and to be able to withstand any further risks from such unprecedented situations, it is necessary that company will have to reduce expenses, scale down or shut down adjacent businesses.
Today is one of the saddest days for Swiggy as we have to go through an unfortunate downsizing exercise, said Majety.


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