Home / Companies / News / Swiggy follows Zomato, lays off 1,100 as coronavirus dashes business

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

Premium

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

Peerzada Abrar Neha Alawadhi Bengaluru/New Delhi

4 min read Last Updated : May 19 2020 | 4:17 AM IST

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

Topics : Swiggy doorstep delivery Food delivery in India food delivery worker

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in