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Swiggy follows Zomato, lays off 1,100 as coronavirus dashes business

Swiggy said the core food delivery business has been severely impacted and will stay impacted over the short term, but is expected to start growing again after that

Swiggy
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Swiggy is looking at opportunities opening up due to the penetration of digital commerce and home delivery in India

Peerzada AbrarNeha Alawadhi Bengaluru/New Delhi
Bengaluru-based unicorn Swiggy is laying off 1,100 employees across grades and functions over the next few days, as Covid-19 continues to infect its food delivery and cloud kitchen business. 

This comes just two days after Gurugram-based Zomato said it would let go of 13 per cent of its staff, affecting close to 520 employees. Backed by China's Tencent and Prosus NV, Swiggy has around 8,000 employees. 

“We, unfortunately, have to part ways with 1,100 of our employees spanning across grades and functions. This is the hardest and longest deliberated decision the management team and I have been faced with over