Swigy give up on 1,100 employees due to COVID-19 hits their online food orders.

BANGALURU: On Monday, May 18, 2020, Swigy said that it would give up on 1,100 employees and it is nearly 14per cent of the workforce and to cut salaries, due to the COVID-19 outbreak it hits the demand for online food ordering.

\Swigy is India’s largest, most famous and most valuable online food ordering delivery platform and not only Swigy, there are many companies, who are give up on their employees and reshaping their business against the COVID-19 pandemic, which has forced 1.3 billion Indians indoors and crippled business.

The company which is backed by South African internet giant Naspers, also said that it will scale down adjacent businesses and has already shut down number of its cloud kitchens –facilities that only cater to takeaway orders- temporarily or permanently.

COVID-19 comes as a disaster for all the companies, businesses and for whole world. Everywhere and everything are impacted by this dangerous disease. Not even a single person who is not facing any loss directly or indirectly due to the COVID-19 pandemic and all the companies are trying to balance this situation, some by lay off their employees or some by cut costs, to managing their financial losses. And this is not the end for struggle of the whole countries.

Sriharsha Majety, Co-founder and Chief Executive Officer at Bangaluru based Swigy said “The core food delivery business has been severely impacted and will stay impacted over short term, but is expected to start growing again after that”.

Like Swigy, Zomato on Friday also announced that it was lay off more than 500 employees or 13 per cent of its workforce. And there are many companies just like Swigy and Zomato who considered their companies losses and lay off their employees or cut the salaries because they have not other options than the lay off the employees or cut costs, the companies already in loss and it also has to pay taxes and salaries and also have many problems due to COVID-19.