Swiggy Layoffs
January 2023
Swiggy announced a layoff affecting 380 employees (6% of its workforce) in January 2023. The company operates in the Food sector.
380
6%
Jan 20, 2023
About
Swiggy, a major Indian food and grocery delivery startup, laid off 380 employees on January 20, 2023, as part of a companywide restructuring. This reduction affected approximately 6% of its total workforce of about 6,000 people. CEO Sriharsha Majety cited slowing growth in the core food delivery business, over-hiring based on overly optimistic projections, and a broader late-stage funding crunch impacting the tech startup sector. The company also announced the shutdown of its standalone meat marketplace, though meat delivery will continue through its Instamart service. Impacted employees were offered severance compensation ranging from three to six months' salary.
Related Events
More Food Layoffs
Report an Error
If you find incorrect information, please let us know so we can correct it.
support@layoffs.nl