The pandemic Covid-19 has turned as a curse for the travel and hospitality industry.
Recently, some major steps have been taken from the startups, and even from the Unicorn startups.
Through this article, we are going to cover the latest news coming from Swiggy.
Food delivery platform Swiggy announced to lay off 1100 employees as Covid-19 is hitting its core and cloud kitchen business harder!
“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. He also said the company had already begun shutting down its kitchen facilities temporarily or permanently since the onset of the COVID-19 outbreak.
“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 further added.
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.
Recently, the Co-founder and ex-CTO left swiggy and joined a tech startup. If you haven’t read that read it here.