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

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

What’s happening at Swiggy? Which teams are being laid off and how is the process being handled? Hope not the way Sharechat did.

Nearly 8-10% of Workforce amid Cost Cutting

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 :/

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

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?

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

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