“Today is one of the saddest days for Swiggy as we have to go through an unfortunate downsizing exercise. We, unfortunately, have to part ways with 1,100 of our employees spanning across grades and functions in the cities and head office over the next few days,” Sriharsha Majety, Swiggy’s co-founder and CEO, wrote in an email to the employees, according to the company’s blog. Majety said Swiggy will scale down or shut down adjacent businesses that are either going to be highly volatile or will not be highly relevant for the next 18 months. “The biggest impact here is on the cloud kitchens business, with many unknowns about volumes through the year. Since the onset of Covid, we have already begun the process of shutting down our kitchen facilities temporarily or permanently, depending on their outlook and profitability profile,” he said.