FloatingLlama
FloatingLlama

Swiggy to cut 8-10% of workforce

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23mo ago
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PerkyTaco
PerkyTaco
Swiggy23mo

The comment about work pressure and people moving around within Swiggy is spot on.

ZestyNarwhal
ZestyNarwhal
Meesho23mo

Sorry for what you guys are going through! When is the announcement expected to come out? I almost accepted the offer in 2021. I'm not sure how I feel about it now.

PerkyTaco
PerkyTaco
Swiggy23mo

Every time these rumours of layoff comes in Swiggy, our VP used to categorically dismiss them as speculations. Not this time. Even the VP doesn’t have a clue about the chaos and panic around, and how to handle teams. So yeah, looks like layoffs are happening soon - likely in a weeks time.

There’s already a lot of pressure from senior leadership on profitability, and Zomato’s relatively better finances are adding fuel to the fire.

FuzzyCoconut
FuzzyCoconut

Which teams in particular will be impacted more? InstaMart, dineout?

PerkyTaco
PerkyTaco
Swiggy23mo

Engineering and Product in general. Meat marketplace is shutdown

DizzyDonut
DizzyDonut

Not sure how these companies can run on loss forever. It makes sense to lose a bit for faster growth if you are close to achieving profitability. But when loss is like over 3x of revenue that makes it pretty terrible. But I like Swiggy tech more than Zomato. It's pretty smooth and accurate

GroovyJellybean
GroovyJellybean
Swiggy23mo

You’re in which team ?

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Layoffs

Swiggy Layoffs

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

Hope not the way Sharechat did.