Swiggy to slash 6% of workforce to trim costs: Report

Home business companies

Swiggy to slash 6% of workforce to trim costs: ReportThe job cuts would impact about 350-400 employees across teams including technology, call centre, and corporate roles, the report said, citing sources.

Reuters

Last Updated 25 January 2024, 19:51 IST

Swiggy is set to lay off 6 per cent of its workforce.

Credit: iStock Photo

Food delivery startup Swiggy is set to lay off 6 per cent of its workforce as it seeks to reduce costs and increase profitability ahead of its initial public offer (IPO), the Economic Times on Thursday.

The job cuts would impact about 350-400 employees across teams including technology, call centre, and corporate roles, the report said, citing sources.

Swiggy will lay off employees gradually over the coming weeks, it added.

Deccan Herald is on WhatsApp Channels | Join now for Breaking News & Editor's Picks

(Published 25 January 2024, 19:51 IST)