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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Great Personality ,community leader and peace lover.may Allah grant him Jannah for his good deeds
Inna lillahi wa inna ilahi rajioon . Wellknown great person
inna lillahi wa inna ilayhi raajhioon
Innalillahi va Inna Ilihi Rajihoon, a well known personality, a huge loss to Manjeshwar, May Allah grant a strength for his family to bear this loss
Inna Lillahi Wa Inna Ilayhi Raaji'oon, very good human being. thanks for the coverage \CD\"."
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