Swiggy to lay off 350 employees due to COVID-19 impact

Swiggy is laying off 350 employees as part of the realignment exercise it started in May on account of the impact of COVID-19 pandemic.

Swiggy said that it started the exercise of realigning resources in May to create capacity in higher potential areas with the optimism of the business attaining pre-covid levels in the near-term. However, since the industry managed to recover to only around 50 per cent of its peak, “we have to, unfortunately, go ahead with this final realignment exercise, which will result in the net loss of 350 jobs,”.

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