Swiggy lays off another 350 employees amid covid-19 impact

Food delivery platform Swiggy is laying off another 350 employees in the wake of coronavirus impact.

This is for the second time in last two months that the Bengaluru-based platform has shed 1100 jobs earlier.

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“In May, we began the exercise of realigning resources to create capacity in higher potential areas with the optimism of the business attaining pre-Covid-19 levels in the near-term. With the industry still only having recovered to about 50% of its peak, we have to, unfortunately, go ahead with this final realignment exercise, which will result in the net loss of 350 jobs," shared a statement by Swiggy.

All impacted employees will receive at least three months' salary, along with accelerated stock vesting, health insurance till December.

It will also give an extra month of ex-gratia for every year they have spent with the organization.