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Chronicles

The story behind the story

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Indian food delivery startup Swiggy says it will lay off 1,100 employees, or nearly 14% of its workforce, to cut costs amid the pandemic

Sachin Ravikumar / Reuters :

Reuters Sachin Ravikumar

Discussion

  • @okassim Omar Kassim on x
    Extract from @swiggy_in Founder & CEO @harshamjty's all hands email announcing layoffs affecting 1,100 employees, https://blog.swiggy.com/... Interesting note on cloud kitchens, where Swiggy had built out 1000 sites = 1 million sq ft across 14 cities More: https://techcrunch.com/…
  • @madhavchanchani Madhav Chanchani on x
    Swiggy said it is laying off 1,100 employees days “We also need to build a much leaner org and reduce costs ... such that we can achieve profitability with a smaller order volume than hitherto planned,” said CEO Sriharsha Majety in a mail to employees https://blog.swiggy.com/...
  • @chandrarsrikant Chandra R. Srikanth on x
    JUST IN: Swiggy to let go of 1100 employees across grades and functions. This comes days after Zomato said it will let go of 13% of their workforce. The pain is going to be deep in the F & B space | https://blog.swiggy.com/...