Swiggy IPO Report 2024: In preparation for its upcoming initial public offering (IPO), Indian food delivery startup Swiggy, a prominent player in the food tech industry, is reportedly set to implement a workforce reduction, targeting approximately 6 percent of its employees. The Economic Times revealed this development on January 25, citing sources.
The anticipated job cuts are expected to impact around 350-400 employees across various teams, including technology, call center, and corporate roles. If realized, this would mark the second instance of layoffs at Swiggy. The company plans to execute the workforce reduction gradually over the coming weeks.