Categories: Business

Swiggy to lay off 1100 employee due to corona virus crisis


swiggy announce job cut

new Delhi. Swiggy, the food delivery company, will lay off 1100 employees. The company gave its information on Monday. Co-founder and CEO of the company, Shri Harsha Majetti, in a letter to the employees said that due to the Corona crisis, every part of their business has been affected, due to which they have to take this decision. The company is already in the process of partially or permanently closing some of its facilities.

According to the company, these layoffs will be done at every department and at every level. The company informed that employees will be given 3 months salary in retrenchment as well as one month extra salary for every year based on the length of stay with the company. The CEO of Swiggy wrote to his employees that due to the changed circumstances, the impact on the food delivery business could be prolonged. Nobody knows that uncertainty about this will end to a minimum. This is why the company is making every effort to reduce costs.

According to the CEO, the company is focusing on those collaborative businesses which are unlikely to improve in the next one and a half years. According to the company, cost reductions are important to maintain a limited income. Therefore, such associate businesses will either be limited or will be closed. The CEO clearly stated that the company's cloud kitchen business suffered the most due to the Corona crisis.

This post was published on May 18, 2020 2:41 pm

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