Bengaluru: With its core business affected by the coronavirus pandemic, food delivery major Swiggy is set to lay off 1,100 employees (around 14 per cent of its workforce) over the next few days, the company co-founder and CEO, Sriharsha Majety, said on Monday.
“Today is one of the saddest days for Swiggy as we have to go through an unfortunate downsizing exercise… 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,” Majety wrote, as quoted by NDTV Profit, in an email to Swiggy employees.
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 will give at least three months of salary to all the impacted employees. In addition, it will also give one month of salary for each year of employment with the company. This will be over and above the notice-period pay.
The downsizing move announced by Swiggy came days after restaurant aggregator Zomato said it will lay off around 13 per cent of its workforce.
