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Swiggy begins second tranche of its ESOP liquidity program totaling $50 million

Food delivery startup Swiggy will buy back shares worth $50 million from 2,000 employees as part of its employee stock option plan (ESOP). This move puts Swiggy among the companies that have rewarded their employees this year, including Flipkart. ....

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Swiggy Layoffs: Online Food Delivery Platform Sacks 380 Employees As Growth Slows

The company also said that it will be shutting down its meat marketplace very soon as the company was not able to achieve product-market fit despite their iterations. Further, the online food delivery platform s losses doubled to Rs 3,629 crore in FY22 compared to Rs 1,617 crore in the last fiscal year.

📲 Swiggy Layoffs: Online Food Delivery Platform Sacks 380 Employees As Growth Slows. ....

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Swiggy Shuts Down Meat Marketplace Offering Immediately After Sacking 380 Employees

Food distribution platform, Swiggy, on Friday, fired 380 employees as part of a restructuring exercise. aaa ....

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Swiggy lays off 380 employees as food delivery growth slows; co-founder cites overhiring [details]

The impacted employees will receive a minimum assured payout of 3 months, which will include variable pay/incentives at 100 percent. ....

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Swiggy may lay off over 250 employees in December: Report

Swiggy's layoffs come just weeks after its main competitor Zomato laid off 3% of its workforce due to poor performance. ....

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