The food delivery startup is considering cutting 14% off its workforce that will help to cut off costs due to the lockdown to stop the spread of coronavirus hits the demand of food getting delivered. The company that is backed by South African internet giants Naspers said that it
will be scaling down several adjacent businesses and has shut some of its cloud kitchens that take on the go orders temporarily or permanently.
“The core food delivery business has been impacted severely and will remain impacted for the short term, but is expected to grow again after that” stated Sriharsha Majety who is the co-founder of Swiggy.
Swiggy which is among one of the best startups is now taking the measure to cut off some workforce and reinvent their business to help curb the spread of coronavirus that has pushed 1.3 billion people in their homes and impacting businesses.
India being in the 2-month lockdown phase has been taking up measures to ease the lockdown to some extent but the public places such as restaurants and other such places ordered to remain closed has hurt companies like Swiggy and its rival Zomato.
Zomato took similar steps and announced on Friday that it will be laying off 13% of its employees.
Swiggy said to provide all the employees on the payroll to be getting their salary for 3 months during the lockdown for all the impacted workers.