Covid Impact: Over 4,400 jobs cut by 5 major Indian companies in 1 month

Five large companies in the consumer internet space in India have announced reduction of over 4,000 jobs over the last one month, on account of contraction in business due to Covid-19-led lockdown and the subsequent fall in demand.

On Tuesday, US-based cab-aggregator Uber announced it will lay off around 600 full time employees in the India-South Asia region, a majority of which are located in India, due to the “impact of Covid-19 and the unpredictable nature of the recovery”.

In total, five companies — Uber India and South Asia, Ola, Zomato, Swiggy and Cure.fit — have together announced the reduction of around 4,441 jobs in the last one month.