Swiggy Layoffs 1100 Employees As Covid-19 Hits Business

1100 employees across grades and functions in the cities and head office will be impacted

All impacted employees will receive at least 3 months of salary

The core food delivery business has been severely impacted and will stay impacted over the short term, CEO said

Bengaluru-based foodtech unicorn Swiggy has now announced that it is laying off around 1100 employees, as it looks to overcome the revenue impact from the coronavirus pandemic.

In an email written by Swiggy CEO Sriharsha Majety, employees were informed that the company would will let go of 1100 employees spanning across grades and functions in the various cities where it has offices, as well as its head office in Bengaluru over the next few days.

Majety said the HR team along with the line manager will have a one-on-one conversation with impacted employees. All other employees will receive appropriate communication from line managers regarding the continuity of their role with Swiggy.

For the laid-off employees, the company is offering at least three months of salary irrespective of their notice period or tenure. Further, for every year of working with Swiggy, the company will be offering an extra month of ex-gratia income in addition to their notice period pay.


Source link

What do you think?

Written by Bhumika Khatri


Leave a Reply

Your email address will not be published. Required fields are marked *





Alibaba’s Jack Ma resigns from Softbank board · TechNode

Swiggy to lay off 1100 staff with financial and healthcare benefits