Swiggy’s Layoff Blues: A Speedy Rise, A Tough Fall

Despite being one of the fastest-growing startups in the region, Swiggy hasn’t been immune to the impact of the Covid-19 pandemic. The nationwide lockdown and the subsequent economic slump have dealt a harsh blow to the industry, and Swiggy too has faced significant losses. With the social distancing norms in place, the number of orders has plummeted, and many of its restaurant partners have temporarily shut down. In an effort to streamline its operations and reduce costs, the company has decided to cut down its workforce.