Bengaluru, May 18: Indian food delivery startup Swiggy said on Monday it would lay off 1,100 employees, or nearly 14% of its workforce, to cut costs, as a weeks-long nationwide lockdown to curb the coronavirus outbreak hits demand for online food ordering.
The company, backed by South African internet giant Naspers, also said it will scale down adjacent businesses and has already shut several of its cloud kitchens - facilities that only cater to takeaway orders - temporarily or permanently.
“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,” said Sriharsha Majety, co-founder and chief executive at Bengaluru-based Swiggy.
Swiggy, one of India’s best known startups, is among many that are laying off employees and reshaping their business in response to the COVID-19 pandemic, which has forced 1.3 billion Indians indoors and crippled business.
India is currently under a two-month lockdown, and though several curbs are being eased, public places such as restaurants remain closed, hurting restaurants themselves as well as companies such as Swiggy and main rival Zomato.
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Mabrook.... keep it up
kesarinalli kamala :) hahaha.. good I like it i like it , ofcourse great achievement ,but... 150/1 no is very bad ratio ... not even 1% from one particular community ... benefits togolodiikke more than 70% queue iratte and anti India force galalli 99.9% iratte participation .. rashtra seve ge just 1% .. bharata maata ya rakshane ge 1% and bharatha maate a bhakshane ge 99% hahaha ... taaye bharatambe neene dhanya ... bholo bharat mata ki jai ... vande mataram ...
Well done brother
Congratulations Hafiz.
Masha Allah...Great Achievement....keep it up...Congratulation
Congratulations. Keep it up.
CONGRATULATIONS
Masha Allah
Masha allah.... May Allah give him power to serve his responsibility in best way... Congratulations brother...
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