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Swiggy is considering another round of layoffs amid a funding slowdown. In order to rationalise costs the food and grocery delivery platform is planning to slash 8-10 per cent of its 6,000-strong workforce, The Financial Express reported on Thursday.
The report said the planned layoffs are likely to have the most impact on employees in product, engineering and operation departments.
Swiggy has said previously that it is aiming to be operationally profitable before its IPO, which has been delayed to the later half of this year due to poor performance of tech stocks in recent months.
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The report said the planned layoffs are likely to have the most impact on employees in product, engineering and operation departments.
Swiggy has said previously that it is aiming to be operationally profitable before its IPO, which has been delayed to the later half of this year due to poor performance of tech stocks in recent months.
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