Swiggy Layoffs

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Swiggy, the Indian online food delivery startup, is laying off approximately 800-900 employees, primarily from its cloud kitchen division, as part of a cost-cutting plan approved by its board in April 2020. This represents a significant reduction, though the exact percentage relative to its total workforce at the time is not specified. The layoffs are a direct response to the severe economic impact of the Covid-19 pandemic, which forced the company to shut down around half of its cloud kitchens and renegotiate rents. The Bengaluru-based unicorn, operating in the food delivery and consumer internet industry, cited the need to stay nimble and focus on profitability during the extended lockdown. While some layoffs were based on performance reviews, the broader context is a wave of job cuts across startups aiming to preserve cash during the crisis.

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