Zomato to lay-off around 13 per cent of employees due to Covid-19 impact

Restaurant aggregator and food delivery platform Zomato on Friday said it will let go 13 per cent of its workforce and will reduce salaries by up to 50 per cent for the entire organisation, as its business was severely impacted due to the nationwide lockdown put in place to curb the spread of Covid-19 pandemic.

The company is said to be currently employing about 4,000 employees.

In an internal email address to its staff, Deepinder Goyal, founder & CEO, Zomato said, ” Our business has been severely affected by the Covid lockdowns. A large number of restaurants have already shut down permanently, and we know that this is just the tip of the iceberg. I expect the number of restaurants to shrink by 25-40 per cent over the next 6-12 months.”