BENGALURU : Online food delivery firm Swiggy on Monday said it will lay off 1,100 employees across cities, just four days after rival Zomato axed over 500 staff members.
The company will reduce head count across grades and functions, including at its Bengaluru head office. As India’s coronavirus lockdown continues, customers and restaurants are leaving food ordering platforms in droves, posing a challenge to the country’s food tech unicorns. “The core food delivery business has been severely impacted and will stay impacted over the short term...while we are very fortunate to have raised capital just before covid hit and have sufficient runway today, it is incredibly important to prepare for worse scenarios in the macro environment and make