Swiggy follows Zomato, lays off 1,100 as coronavirus dashes business

Bengaluru-based unicorn Swiggy is laying off 1,100 employees across grades and functions over the next few days, as Covid-19 continues to infect its food delivery and cloud kitchen business.

This comes just two days after Gurugram-based Zomato said it would let go of 13 per cent of its staff, affecting close to 520 employees. Backed by China’s Tencent and Prosus NV, Swiggy has around 8,000 employees.

“We, unfortunately, have to part ways with 1,100 of our employees spanning across grades and functions. This is the hardest and longest deliberated decision the management team and I have been faced with over recent times,” Swiggy Co-founder and Chief Executive Officer Sriharsha Majety said, adding, “This is not at all a reflection of anyone’s performance.”