Swiggy Layoffs: 350-400 Jobs Cut Ahead of IPO
By Rediff Money Desk, NEWDELHI Jan 26, 2024 11:34
Swiggy is reportedly cutting 350-400 jobs across technology, call center, and corporate roles ahead of its planned initial public offering (IPO).

Photograph: PTI Photo
New Delhi, Jan 26 (PTI) On-demand convenience platform Swiggy is understood to be preparing to cut around 400 jobs across various verticals as part of preparations for its initial public offering.
As the company works to simplify structure and bring operational efficiencies, around 350 to 400 jobs are expected to be pruned, sources said.
These will be across teams spanning technology, call centre and corporate roles, and the job cuts are expected to initiate gradually in the coming weeks.
When contacted Swiggy declined to comment.
The development comes at a time when Swiggy is preparing for its IPO.
"Swiggy has been working on simplifying work processes and building operational efficiencies," a person aware of the development said.
Swiggy's headcount is estimated to be around 6,000 at present.
As the company works to simplify structure and bring operational efficiencies, around 350 to 400 jobs are expected to be pruned, sources said.
These will be across teams spanning technology, call centre and corporate roles, and the job cuts are expected to initiate gradually in the coming weeks.
When contacted Swiggy declined to comment.
The development comes at a time when Swiggy is preparing for its IPO.
"Swiggy has been working on simplifying work processes and building operational efficiencies," a person aware of the development said.
Swiggy's headcount is estimated to be around 6,000 at present.
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Srestha Finvest
- 0.57 ( -9.52)
- 60265410
- Vodafone Idea L
- 8.27 (+ 0.73)
- 44071594
- YES Bank Ltd.
- 17.67 ( -0.56)
- 16081247
- G G Engineering
- 1.06 ( -4.50)
- 15019273
- Remedium Lifecare
- 3.97 (+ 4.75)
- 11827509
MORE NEWS
ABB India Profit Surges 54% to Rs 532 Cr in Q4
ABB India reported a 54% jump in net profit to Rs 532 crore in the December quarter,...

Magellanic Cloud Targets Rs 600 Crore Revenue...
Magellanic Cloud, a Hyderabad-based IT services provider, aims to achieve Rs 600 crore...
Choice Broking Acquires Arete Capital, AUM Hits...
Choice Broking has acquired wealth management firm Arete Capital Services, expanding...