After announcing job cuts in May, the food delivery company Swiggy announces that more job cuts are happening. Due to the slow business recovery, the company decides to cut 350 more jobs.
The company says that the whole industry only recovered 50% of its peak after the lockdown. After the lockdown, the company wanted to realign its resources. These resources are to be used by the company in higher potential areas
However, as the whole industry has only reached 50% of its potential and due to the losses, the company decides to let go of 350 jobs.
Although, Swiggy offers three to eight months of salary for the employees who lost jobs. The impacted employees can avail their insurances and health benefits from the company
To recover the losses due to the lockdown, Swiggy starts delivering alcohol as well, in certain parts of the country. Previously, Swiggy also started grocery delivery.
Zomato and Swiggy, both started partnerships with the local shops and started delivering the groceries.