Swiggy likely to lay off up to 10% of employees after performance review

Online food delivery platform Swiggy is likely to lay off up to 10 per cent of its employees, or about 600 workers, after an extensive performance review that was concluded late last year, amid global uncertainties and recession fears.

Sources told IANS that the upcoming layoffs at Swiggy are likely to impact verticals like product, engineering and operation at the company.

The upcoming layoffs are also expected to impact Swiggy’s quick commerce delivery service Instamart to reduce cash burn.

The company did not immediately respond to an IANS query on upcoming layoffs.

Earlier reports that surfaced in December, have said that Swiggy may lay off more than 250 employees or up to 5 per cent of its workforce, starting January.