Swiggy Layoffs
July 2020
Swiggy announced a layoff affecting 350 employees (5% of its workforce) in July 2020. The company operates in the Food sector.
350
5%
Jul 27, 2020
About
Swiggy, a major Indian foodtech unicorn, laid off 350 employees in July 2020, marking its second round of job cuts that year after letting go of 1,100 staff in May. This restructuring was a response to the severe impact of the COVID-19 pandemic, which had reduced the industry's daily orders to about 50% of pre-crisis levels. The company described this as its final realignment exercise, aimed at cutting costs and reallocating resources to higher-potential areas like grocery delivery and its Swiggy Genie service, as food delivery constituted over 80% of its business. Affected employees were offered a severance package including three to eight months' salary. The layoffs reflect broader challenges in the startup sector during the pandemic, with slow recovery and ongoing lockdowns forcing many firms to reduce their workforce.
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