Swiggy Lay Off: Company May Fire 250 Employees in December

New Delhi: Food and grocery delivery company Swiggy is laying off around 250 employees in December.

According to sources, layoffs could go beyond 250 in the coming months. This layoff will affect the people across the supply chain, operations, customer service, and technology roles.

In response to this news, Swiggy said that there haven’t been any layoffs as of now, but did not rule out such a possibility in the near future.

“We concluded our performance cycle in October and have announced ratings and promotions at all levels. As with every cycle, we expect exits based on performance,” Swiggy said.

Girish Menon, Swiggy’s head of human resources, informed the employees regarding their performance-based exits. He also said that the company wants to restructure its teams.

Swiggy suffered losses during January to June which were over $315 million when compared to a $50 milllion loss for its rival brand Zomato, on a stand alone basis.

Swiggy’s investor Prosus stated that the brand’s core food delivery business clocked in growth and gross merchandise value (GMV) growth of 38 percent and 40 percent. This took place within the first six months of 2022.

The brand’s grocery delivery business ‘Instamart’ saw orders and GMV increase about 20 times and 15 times.