Swiggy To Lay Off 400 Employees To Cut Costs Ahead Of IPO: Report

Food delivery platform Swiggy is set to lay off 400 employees in a fresh round of job cuts, reports said. This comes a year after the company announced it was “bidding goodbye to 380 talented Swiggsters” as part of a restructuring exercise. According to reports, the second round of layoffs, which has been initiated as cost-cutting measure, will impact around 7% of the food delivery giant’s workforce of 6,000 employees. Workers in tech, customer service and corporate roles are likely to be hit the hardest by the job cuts.