Zomato lays off 500 employees, slashes salaries as CEO blames coronavirus

Zomato will cut 13 per cent, or about 520, jobs as a result of the extended lockdown and restaurants shutting shop, Co-founder and Chief Executive Officer Deepinder Goyal told the firm in an email on Friday.

“Multiple aspects of our business have changed dramatically over the last couple of months and many of these changes are expected to be permanent. While we continue to build a more focused Zomato, we do not foresee having enough work for all our employees. We owe all our colleagues a challenging work environment, but we won’t be able to offer that to 13 per cent of our workforce going forward,” Goyal said in the mail.