Swiggy Lays Off 380 Employees, CEO Calls Overhiring Case of 'Poor Judgement'
Swiggy on Friday announced that it had laid off 380 employees, as Co-Founder and CEO Sriharsha Majety said the growth rate for food delivery has slowed down versus the company's projections. The firm has offered a cash payout ranging from three to six months based on the affected employees' tenure and grade.
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Swiggy on Friday announced that it had laid off 380 employees, as Co-Founder and CEO Sriharsha Majety said the growth rate for food delivery has slowed down versus the company's projections. The firm has offered a cash payout ranging from three to six months based on the affected employees' tenure and grade.
