Swiggy lays off 380 in emergency townhall
1-on-1s getting scheduled by end of day, 3-month severance, just announced.
Is this now a FOMO that needs to be done this week only or what
Batman008
Stealth
2 years ago
https://www.linkedin.com/posts/saptarshipr_swiggy-design-layoff-activity-7022205109430358016-FYaD
ritaskeeter
Stealth
2 years ago
VPs exiting? any senior level cuts?
ritaskeeter
Stealth
2 years ago
this is confirmed but?
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ritaskeeter
Stealth
2 years ago
what is the reason they gave?
ritaskeeter
Stealth
2 years ago
also hope you’re safe OP!
Lhbhf
Stealth
2 years ago
Are all invites sent or still pending for some? Scary times
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ritaskeeter
Stealth
2 years ago
what are the slack channels saying?
Lhbhf
Stealth
2 years ago
380 with future rounds of layoffs possible, overhiring is the reason, generic ceo and hr statement, 3 months severance, all access revoked today
Geminiman
Stealth
2 years ago
They shut meat vertical
entj
Stealth
2 years ago
Take care folks.
I hope the swiggy team recovers from this, and hoping you all have a better FY24.
HateIT2023
Stealth
2 years ago
Afaik, the least performed ones in a team is laid off , also those departments who had less utilisation .
If you work in a very high performing team and u were like above average performer , chances are u had to face an unfair exit.
The layoff doesn’t seem like random , one of my close connection works here
Once you have info, can u please confirm the severance package. 3 months x in-hand salary or 3 x basic pay
In hand salary. It’s notice period (2 months for engineering) + 2 weeks * tenure years, with a minimum of 3 months in total. The leave encashment is based on basic pay.
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by SenecaTheIndian
Swiggy
IPO-bound Swiggy to slash 400 jobs in second round of layoffs
It had let go of 380 employees in January 2023 and even shut its meat marketplace in a bid to lower costs.
https://www.moneycontrol.com/news/technology/swiggy-to-slash-400-jobs-in-second-round-of-layoffs-12126061.html