Zomato, an online meal delivery platform, announced on Saturday that it plans to let off about 3% of its personnel in order to reduce costs and turn profitable. The move comes after other tech behemoths and social media platforms announced layoffs. According to Zomato, layoffs will be based on regular performance.
Zomato currently employs about 3,800 people.
In May 2020, Zomato lay off approximately 520 employees, or 13% of its workforce, in response to a drop in business caused by the Covid epidemic. Meanwhile, Mohit Gupta, co-founder of Zomato, resigned from the company on Friday.
Furthermore, the meal delivery company revealed earlier this week that Rahul Ganjoo’s 5-year tenure as Head of New Initiatives has come to an end. Siddharth Jhawar, Zomato’s Vice President of Global Growth, announced his departure earlier this month as well.
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