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Swiggy to slash 6% of workforce to trim costs

Swiggy, the popular food delivery startup, is planning to lay off 6% of its workforce to enhance profitability before its upcoming IPO.
Swiggy is set to lay off 6 per cent of its workforce

Food delivery startup Swiggy is set to lay off 6 per cent of its workforce as it seeks to reduce costs and increase profitability ahead of its initial public offer (IPO), the Economic Times on Thursday.

The job cuts would impact about 350-400 employees across teams including technology, call centre, and corporate roles, the report said, citing sources.

Swiggy will lay off employees gradually over the coming weeks, it added.

—Reuters

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