Swiggy, the Indian food-delivery company are laying off over one thousand staff members due to the Covid-19 pandemic severely hitting its sales.
“The core food-delivery business has been severely impacted and will stay impacted over the short term, but is expected to start growing again after that. We need to hence prepare to come out stronger on the other side by continuing to build on capabilities that will help us make the most of the opportunity when things are better again.” – Sriharsha Majety, CEO – Swiggy
“While we are very fortunate to have raised capital just before Covid-19 hit and have sufficient runway today, it is incredibly important to prepare for worse scenarios in the macro environment and make sure we are protected,” she concluded.
