IPO-bound food chain supplier Swiggy is the latest one to lay off about 400 headcounts to cut costs amid the unrelenting funding in winter. It plans to fire around 6 per cent of its workforce as part of a corporate realignment process.
The layoffs could impact employees across departments, but various news reported that the customer support and tech teams took the hardest hit.
According to the published reports, the Indian Start-up giant began the restructuring drive in December last year in its Bengaluru office, which is still ongoing. The company will likely impact employees across sales, customer service, and tech teams. The sources added that there are apprehensions that Swiggy might cut further roles in the tech and sales teams. It is reported that the employees who were hired at a very high salary are being shown the door.
