Food delivery company Swiggy Monday announced that it will lay off 1,100 employees, roughly 14% of its staff, over the next few days, as the coronavirus-led lockdown continues to hit demand for online food ordering.
“Today is one of the saddest days for Swiggy as we have to go through an unfortunate downsizing exercise,” Swiggy co-founder and CEO Sriharsha Majety wrote in an email to the company’s employees on May 18, according to the company’s blog.
“We unfortunately have to part ways with 1,100 of our employees spanning across grades and functions in the cities and head office over the next few days,” he said.
The CEO said the company’s HR team will contact the impacted employees over the next few days. Swiggy is “fully committed to providing the best financial, emotional and career-related support” to the impacted staff, he added.
Swiggy will give at least three months of salary to all impacted employees. In addition to this, it will also give one month of salary for each year of employment with the company. This will be over and above the notice-period pay
The move by Swiggy came days after restaurant aggregator Zomato said it will lay off around 13% of its workforce.
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