Swiggy Says Bye To Its 1100 Employees And Derails Cloud Kitchen

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.

Swiggy news, swiggy co founder quits swiggy

“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.  

Rahul jaimini the co-founder who founded Swiggy along with Sriharsha Majety and Nandan Reddy in 2014, has finally quit Swiggy

Swiggy news, swiggy co founder quits swiggy

Recently, In April, Swiggy raised about $150 Million led by Naspers along with smaller investors Ark Impact, Samsung ventures, Korea investment, and Mirae Asset Capital Markets. 

Rahul will be joining Pesto Tech, a career accelerator startup as co-founder.

Rahul Jaimini used to handle the Engineering, Analytics, IT, and Swiggy labs. Now these all platforms will be handled by Dale Vaz. He is the head of Engineering and data science.

Now Jaimini will continue to be a board member and a shareholder at the company, but no longer be involved in daily operations of Swiggy.

swiggy co founder left swiggy

Rahul tweeted “ This is not a goodbye, its more of a thank you. After being a part of the Swiggy founding team and the close family we’ve all become over these past 6 years, it’s time for me to take up a new challenge”