Zomato plans to lay off 3% of its workforce – Times of India


NEW DELHI: Online food delivery platform Zomato on Saturday said it is planning to lay off around 3 per cent of its total workforce to cut costs and turn profitable.
The announcement comes a day after Zomato’s co-founder Mohit Gupta quit the organisation on Friday.

It also comes in the backdrop of many global tech giants, including Amazon and Facebook announcing mass layoffs around the world.
Zomato stated that layoffs will be based on regular performance, reported IANS.
“There has been a regular performance based churn of under 3 per cent of our workforce, there’s nothing more to it,” a company spokesperson said.
Zomato last week reported a narrow second-quarter loss, as volumes and value of its online orders rose.
The company currently has nearly 3,800 employees.
In May 2020, Zomato laid off about 520 of its employees, or 13 per cent of its staff, in response to a slump in business following the Covid pandemic.
Earlier this week, Zomato had announced that its Head of New Initiatives, Rahul Ganjoo, is leaving the company.
The company’s deputy chief financial officer, Nitin Savara, and vice president for global growth, Siddharth Jhawar, also stepped down recently.
(With inputs from agencies)





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *