How much is the engineering team affected?

Software Engineer

And I saw a hiring at Swiggy today that I wanted to apply for. 
 What is happening

Software Developer

https://entrackr.com/2024/01/swiggy-lays-off-over-350-employees-as-it-gears-up-for-ipo/ 
  
 Lots of articles in the media today, it's definitely happening

Founder

It had let go of 380 employees in January 2023 and even shut its meat marketplace in a bid to lower costs. 

IPO-bound Swiggy to slash 400 jobs in second round of layoffs

IPO-bound Swiggy to slash 400 jobs in second round of layoffs- Grapevine

Swiggy to cut 8-10% of workforce

Cloud Architect

Swiggy to slash 400 jobs in second round of layoffs in a year ahead of IPO

https://www.moneycontrol.com/news/technology/swiggy-to-slash-400-jobs-in-second-round-of-layoffs-12126061.html

Swiggy Layoffs?

Management Consultant

What’s happening at Swiggy?
Which teams are being laid off and how is the process being handled?

Hope not the way Sharechat did.

Swiggy Layoffs

Product Manager

Nearly 8-10% of Workforce amid Cost Cutting

🚨 Swiggy Plans to Layoff 600 Employees

Business Analyst

Welcome to Indian Startups's Private Community

Just like last year, this year too...
Somehow found out about it via news. There was chatter about it over the last couple of days, but didn't think it could just happen.

It's a long weekend now and not even sure when people will be informed :/

Layoffs happening at Swiggy - 400 of us

Please pray for me to get laid off. Want to get rid of this shit. At least will get some severance this way.

Welcome to Office Gossip's Private Community

Per insider info from leadership, more layoffs are incoming. Currently, Leadership is finalising verticals and functions to trim roles.

Swiggy Layoffs Round 2 incoming

PIP on the raise at Swiggy, saw couple of post with good fellas leaving. can someone confirm or deny this fact that PIP is used a weapon to downsize the teams in order to show profit for upcoming IPO next year?

swiggy continues to silently layoff

Lawyer

Welcome to News Discussion's Private Community

Have been seeing this as of recent, is it change in direction - new leadership to drive that

Swiggy has announced a significant addition to its senior leadership team with the appointment of Ashwath Swaminathan as Chief Growth & Marketing Officer.

Ashwath Swaminathan joins Swiggy as Chief Growth & Marketing Officer

Why is this common now? Big hire after mass layoffs

Frontend Engineer

Welcome to Business Roles's Private Community

GV nerds kept fighting that tech jobs are secure and ireplaceable. 

2d back, i said to someone that u r safe until a senior intern(workex with low pkg) or AI can't replace u...saw that happening...swiggy replacing sdes 1-4 by ase from witch and senior interns.

🚀 If I would have been the CEO...I will charge a bit extra for swiggy one, raise few inr on platform fees and keep those employees safe. ( I got free swiggy one subscription from last 1y) 

Employees should be like family else why will anyone join them again? Put yourself in laid off employees with huge emis of home, car and may be Europe tour. They should provide therapy alongwith 3-6m severance also.

We have 100 people in TG group, can trend a hashtag like #DontJoinSwiggy at 9pm if all agree.

TG link - https://t.me/+GXhFavV_o78yMmE1

Swiggy Laid off ~7% Workforce

Senior Consultant

1-on-1s getting scheduled by end of day, 3-month severance, just announced.

Swiggy lays off 380 in emergency townhall

Since there's many Swiggy employees here. I love Insanely Good. I've stopped ordering from BB / Instamart, Blinkit and my local shops. 

1/ User Interface - just amazing

2/ Quality of Ingredients - the best amongst online retailers

3/ The no door bell delivery - a basic need now. BB guys don't go away till they count every last tomato at 7am. 

What I want to know / suggestions from my side

1/ Are you scaling up in Mumbai/ Delhi? Would love to hook my parents on to it. 

2/ Is the business generally doing good? I've referred it to 3 people so far and they've all started using it. Hopefully this isn't just me in an odd power iser cohort 

3/ Can it get bundled in the Swiggy Credit Card? I shop for all my groceries here, nothing better than the card extending benefits to me. 

4/ What about Meat? If I can get good quality chicken, prawns, fish sourced locally it'd be amazing. Even just a tie up with lucious, I'll order it from your app. 

5/ Looking forward to your inventory expanding - many minor gripes with items missing across sections.

How's Insanely Good doing?

Any chance of layoffs in swiggy in the technology department?

Welcome to Banking & Finance's Private Community

Swiggy ipo

Welcome to Software Engineers's Private Community

Anyone know if others are also facing the same?

Swiggy forcing pip and silently laying off with absurd reasons

There are multiple VPs and Directors leaving in parallel. Is this a mass exodus of senior leadership any indication of the state of the company?

Dale Vaz, Swiggy CTO has resigned

- **Swiggy** is aiming for a valuation of $11.7 billion to $12.7 billion for its upcoming IPO, set to launch in early November.
- The IPO includes a fresh issue component of Rs 3,750 crore and an offer for sale of up to 182,286,265 equity shares.
- The primary component may be increased to Rs 4,500 crore, leading to a combined IPO size exceeding Rs 12,000 crore or $1.42 billion.
- Major investors in Swiggy include **Prosus** (32%), **SoftBank** (8%), and **Accel** (6%).
- Swiggy received approval from the **Securities and Exchange Board of India (SEBI)** for its IPO in September.

Source: [Moneycontrol](https://www.moneycontrol.com/news/business/startup/swiggy-targets-11-7-bn-12-7-bn-valuation-for-mega-1-4-bn-plus-ipo-launch-likely-in-early-nov-12845660.html)

Swiggy Targets $12.7B Valuation for $1.4B IPO in November

Journalist

This may sound like a dumb question, but why do these companies fire just before the IPO? isn't an IPO a good thing? More cashflow. Shouldn't they be taking care of their employees who made it reach there?

What exactly is the thought process behind this mass layoff before IPO?

Swiggy possible layoffs

Analyst

Such a sad day for all of Swiggy folks out there. 💔 
Swiggy’s private feed is full of layoff messages. More power to you guys, Swiggy doesn’t deserve you. You will do better wherever you go. ❤️ Please reach out to me in DM’s if you need any sort of help or referrals. Will try my best to help in any ways I can. 

Some of them worked their ass off for NYE and now this is how they have rewarded them. 
Everything looks like a script from last year. Same fu*king 5-10 min speech for the layoff announcement. Same severance, same method used for the layoff. Now the same consolation phase will start for the existing employees by the leadership. I hope I am wrong, but with the current ways of working, Swiggy is doomed to fail!

Swiggy layoffs

Swiggy

- Swiggy has launched a $65 million ESOPs liquidity programme, marking its fifth such event since 2018.
- Employees across various levels can now receive liquidity for their ESOPs in the secondary market.
- This is the third consecutive ESOP liquidity event following those in July 2022 and 2023.
- Swiggy has enabled over Rs 1,000 Cr of ESOPs liquidity, benefiting 3200 employees over five events.
- The announcement comes as Swiggy prepares for its IPO, with plans to raise approximately $1.25 billion. 

 Source: Entrackr

IPO-bound Swiggy to slash 400 jobs in second round of layoffs

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