Bengaluru-based foodtech unicorn Swiggy has now announced that it is laying off around 1100 employees. In a blog post, the company shared an email written by CEO Sriharsha Majety to all employees. Majety said that the company will let go of 1100 employees spanning across grades and functions in the cities and head office over the next few days.
The company will inform the impacted employees over the next few days. For the laid-off employees, the company is offering at least 3 months of salary irrespective of their notice period or tenure. Further, for every year in Swiggy, the company will be offering an extra month of ex-gratia in addition to their notice period pay, working out to between 3-8 months of salary depending on the tenure.
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