Swiggy to lay off 1,100 employees as Covid-19 dries up restaurants’ revenues

Online food delivery platform Swiggy will lay off 1,100 of its employees, spanning across grades and functions across cities and its head office over the next few days, the firm’s CEO Sriharsha Majety wrote in an email to the staff on Monday. Swiggy’s decision comes close on the heels of its Gurugram-based rival Zomato asking over 500 of its employees to start looking for new jobs, as the restaurant industry stares at deep uncertainty in the aftermath of Covid19.

“The core food delivery business has been severely impacted and will stay impacted over the short term, but is expected to start growing again after that. We need to hence prepare to come out stronger on the other side by continuing to build on capabilities that will help us make the most of the opportunity when things are better again.