Zomato to lay off 3% of its total workforce to reduce costs: Report

The country’s oldest online food aggregation and delivery platform Zomato on Saturday said that it is going to lay off nearly 3 per cent of its workforce across the organisation on account of cost-cutting efforts and to turn profitable.

Zomato, which currently has nearly 3,800 employees, stated that layoffs will be based on regular performance.

"There has been a regular performance based churn of under 3 per cent of our workforce, there's nothing more to it," said a Zomato spokesperson.

At least 100 employees have already been impacted across functions like the product, technology, catalogue and marketing, MoneyControl