Mumbai, 20/1: Food delivery platform Swiggy is planning to lay off 380 jobs, citing challenging macroeconomic conditions, according to an internal mail seen by Reuters on Friday, and joined a list of Indian startups that are shedding their workforce.
“The growth rate for food delivery has slowed down versus our projections (along with many peer companies globally). This meant that we needed to revisit our overall indirect costs to hit our profitability goals,” Swiggy Chief Executive Officer and founder Harsha Majety told staff in the mail.
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