Online food and groceries platform Swiggy is preparing to cut around 400 jobs across various verticals as part of preparations for its initial public offering. It was necessary to take this step as the company works to simplify structure and bring operational efficiencies.
Layoffs will be across teams spanning technology, call centre and corporate roles, and the job cuts are expected to initiate gradually in the coming weeks. The development comes at a time when Swiggy is preparing for its IPO. Swiggy’s headcount is estimated to be around 6,000 at present as per the media reports.