Key Highlights
- About 7 per cent of Swiggy employees will lose their jobs.
- In January 2023, the company laid off 380 workers as part of a corporate reorganisation.
- Flipkart has also fired 5% of its workforce.
Indian online food ordering and delivery platform Swiggy has laid off approx. 7%, affecting 350–400 employees. According to Source, the company has cut its workforce by 6 percent, which includes roles across technology, call centres, and corporate roles. Besides Swiggy, other tech companies like Flipkart, Microsoft, Amazon, and Google have also announced employee layoffs.
Swiggy and Flipkart have announced staff layoffs. Approximately 350–400 workers, or about 7% of the company, will be fired by Swiggy. According to speculations and sources, people from tech, a portion of the customer service division, and corporate will lose their jobs. Notably, the company has 6,000 employees, and the staff layoff is part of an effort for efficient operations. However, sources say that the Bangalore-based firm is laying off its employees because of its planned IPO.
A person aware of the matter said, “Mostly people who had a lot of Esops, or a higher package were let go, keeping the upcoming IPO in mind.”
Additionally, Swiggy is alleged to have demanded in writing from its employees that they resign on their own. In addition, a laptop and remuneration for two months plus the number of years x 15 days are allegedly provided.
Meanwhile, Swiggy is actively hiring for a recently introduced role (ASDEs) with a pay range of 8 to 11 LPA.
Also Read: WhatsApp chat backups have started to occupy Google Drive storage
The food delivery major has laid off its employees before. In January 2023, the company that oversees Instamart slayed 380 workers as part of a corporate reorganisation that was prompted by the declining growth of its food delivery division.
These layoffs are the latest in a string of significant IT sector cutbacks that will continue through 2024. Another home-grown e-commerce platform, Flipkart, has fired approximately 1,000 workers, or 5% of its workforce. There are about 22,000 people employed by the company.
Also Read: Akai 4K QLED Google TV series with Quantum Dot technology launched in India
Whereas Microsoft owned Activision Blizzard and Xbox, they also lost 1,900 workers. The greatest number of layoffs will be made at Activision Blizzard and account for roughly 8% of the entire Microsoft Gaming.
