Swiggy to lay off another 350 employees as coronavirus impacts business

Unicorn food delivery firm Swiggy is going for another round of job cuts and will lay off 350 employees across grades and functions over the next few days, as Covid-19 continues to impact its business.

This comes just two months after the Bengaluru-based firm said it was laying off 1,100 employees. Backed by China's Tencent and Prosus NV, Swiggy had around 8,000 employees.

“In May, we began the exercise of realigning resources to create capacity in higher potential areas with the optimism of the business attaining pre-covid levels in the near-term,” said a Swiggy spokesperson. “However, with the industry still only having