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Covid-19 impact: Swiggy to lay off 350 employees

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New Delhi:  Food ordering and delivery platform Swiggy on Monday said it 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 in May had laid off 1,100 employees across grades and functions in cities and head office as part of its exercise to realign resources to create capacity in higher potential areas with the optimism of the business attaining pre-Covid levels in the near-term."However, with the industry still only having recovered to about 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," Swiggy said in a statement.The company is concluding the exercise it.

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