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ZOMATO SALARY CUT
Zomato employees once took a 20% salary cut when times were tough. That later became a 30X fortune, recalls ex-stafferDuring Covid, Zomato employees accepted salary cuts after the company’s food delivery business nearly shut down and it had only 45 days of ...- Semicon 2.0 takes shape; Zomato’s Hyderabad layoffsThe government has notified Semicon 2.0 to boost India’s semiconductor ecosystem. This and more in today's ETtech Top 5.
- Exclusive: Zomato to lay off 250 people as it shuts Hyderabad customer support centreThe Eternal-owned food delivery company is consolidating customer support operations at its Gurugram head office. Zomato, which informed st...
- The Economic Times Startup Awards 2026: And the big winners are…Happy Thursday! Top entrepreneurs and business leaders came together in Bengaluru on August 25 to pick the winners of The Economic Times St...
- Shiprocket's Rs 7,056 crore IPO rewards early backers, dents returns for late-stage investorsShiprocket has announced an IPO price range set between Rs 92 and Rs 97 per share, representing a notable decrease of around thirty percent...
- Zomato launches ‘Everyday’ for home-style meals; Union complaints against Wipro salary cutOn the Zomato app, Everyday has been placed alongside the platform’s other offerings such as Intercity Legends, the company’s intercity foo...
- Zomato’s revenue nearly doubles, loss widens 160% in 2019-20Zomato, which is preparing to launch an IPO in the first half of 2020-21, recently closed a $660 million funding round at a post-money valu...
- RIL rolls back salary cuts, expedites performance bonusWhile the older business saw rough weather, those working in the telecom segment - Reliance Jio - have already received 100% of their varia...
- Swiggy lays off another 350 employees"With the industry still only having recovered to about 50% of its peak, we have to, unfortunately, go ahead with this final realignment ex...
- Indian startups like Grofers, Zomato start restoring salaries after pay cutsWhile the country's economy has gradually begun to open up, albeit under a tight leash, the startups are beginning to reinstate the salarie...
- Zomato revenue doubles to $394 million in FY20In the first quarter of the ongoing fiscal year, the company's Ebitda loss stood at $12 million on revenue of $41 million and unit economic...
- CarDekho lays off 200 employees, up to 22.5% pay cut for restWhen contacted by ET, a spokesperson for CarDekho confirmed the layoffs and pay cuts, without answering specific queries or providing detai...
- Zomato elevates food-delivery CEO Mohit Gupta as founderIn an email addressed to employees on Sunday, Deepinder Goyal, CEO, Zomato said, “While the foundation of Zomato was built before Mohit Gup...
- Swiggy lays off 1,100 employees as Covid-19 derails Cloud kitchensSwiggy said if someone's notice period is three months and they've spent five years with the company, they will get eight months of salary.
- Zomato to lay off 13% of its staff as Covid-19 severely impacts food ordering businessZomato has said it will let go of 520 people and undertake up to a 50% pay cut for remainder of the organisation.
- Startups like Zomato, Oyo offer more Esops to staff to ease pay cut painIn April, Zomato initiated a voluntary salary reduction programme, which also offers affected employees’ additional stock in lieu of the ca...
- Drip funding: Swiggy, Zomato settle for smaller cheques of $5-10 millionFood delivery companies take offers of $5-10 million in tough conditions.
- Zomato scales revenue by 40% even as losses fall 73%; Founders see salary hikesThe firm`s focus on other business verticals led to a slowdown in the growth of its largest revenue churning vertical - advertising which n...
- Pay hikes slide from up to 40% to almost nothing at startupsInMobi has delayed their appraisal cycle while biggies like Flipkart and Snapdeal are being extremely conservative in giving hikes this yea...
- 5 Silicon Valley tech hires who quit Indian unicorns in a yearThis exodus also comes at a time when Indian tech companies are struggling with a funding slowdown leading them to cut costs.
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