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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what a tragedy & shame those people big, big business tycoon muslims honored this anti muslim or RSS dog Nalin kumar now go & suck his sandels fear peoples what the is use of wealth collecting one every should die then what will happen that your remainings. If your fear Allah, Allah will help you but you people pleasing this mushrik. You people must know one thing loylty & pleasing only only Allah no need others He is Enough.Go and open Quran check sura 9:111 & 2:254 you may think we safe pleasing of this kufar never they always waiting for chance this Allah clearly told in Quran. Those who made that Shame on all of you. Understand beliver safe only from ALLAH
This guy is a crook
were is muslim business guy who given big honouring party to MR NALINI kumar please convience him REJECT CAB AND NRC if you can
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