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ZOMATO LAYOFFS
Layoffs hit tech, GCCs; Startups rewrite summer rulesHappy Wednesday! Tech and GCC talent are facing more layoffs as they move up the value chain and integrate into global operations. This and...- Zomato layoffs; OpenAI’s $300 billion valuationFood delivery major Zomato has asked 500 of its junior-level employees to leave. This and more in today’s ETtech Top 5.
- RBI's draft rules on fintech SRO; Pixxel unveils mega facilityThe main idea behind the guidelines is to empower the fledgling sector to function and innovate responsibly even in the absence of formal r...
- Dunzo lays off 300 employees amounting to 30% of its workforceBesides layoffs, Dunzo is also likely to cut about 50% of its dark stores and run only those that can be profitable or are nearing that thr...
- Food delivery business should grow 10-20X over the next decade: Deepinder GoyalWould have been the same at least for the core of the business that we are in. So Blinkit is something new and I think of the entire busine...
- PhonePe raises $100 million in fresh funding; Deepinder Goyal dismisses talks of attrition at ZomatoThe fundraise follows PhonePe’s recent change of domicile to India and full separation from the Flipkart group. Flipkart doesn’t own any st...
- Amazon Air promises faster deliveries in metros; Zomato shuts 10-minute food deliveryAmazon Air, the ecommerce giant’s dedicated cargo airline, has been launched in India with the aim of offering faster deliveries for more p...
- Swiggy to lay off 380 Employees, says CEOThe food and grocery delivery company is the latest to join the swelling ranks of startups such as ShareChat, Dunzo, Rebel Foods, Hubilo, O...
- Exclusive: Swiggy may fire 250 employees in December, more layoffs in storeJobs in areas like supply chain, operations, customer service and tech are at risk. Swiggy has joined a growing list of tech companies reso...
- Bad news surrounds Zomato, but Street’s faith in turnaround story intactThe shares have corrected 9% in a week, but this is after the stellar gains it made earlier in the month. Net-net, so far in November, the ...
- Zomato confirms plans to lay off 3% of staff nationwideThe company at present has nearly 3,800 employees. Zomato had last laid off about 520 of their employees which makes up about 13% of its st...
- Twitter 'un-fires’ dozens of workers; Zomato Pay goes live in some citiesDays after laying off close to half its workforce, Elon Musk’s Twitter has decided to ask dozens of sacked employees to return after realis...
- BharatPe’s original cofounder moves on; Zomato stock zooms 20%Bhavik Koladiya, who cofounded BharatPe with Shashvat Nakrani in March 2018, is ending his association with the company.
- Over 32,000 tech workers fired in US, more than 11,000 in India till JulySince April 1 this year, more than 43,000 workers from 342 tech companies/startups have been laid off across the world and over 13% are fro...
- Zomato restarts hiring via referrals after pandemic layoffsZomato, which is drawing up plans for an IPO later this year, is looking to bring on board 400 people during 2021, mostly via the referral ...
- Zomato starts ‘Talent Directory’ to help its laid off employees find new jobZomato has created a Zomato Talent Directory for employers to access employee profiles listed on its forum.
- 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.
- Zomato lays off 540 employees from its customer support teamZomato said these jobs will be automated and those laid off will get severance of two to four months.
- How startups should handle mass layoffs to stay aliveCommunications on layoffs should be handled sensitively, and not through town-halls, said independent human resource adviser Hema Ravichand...
- Expected layoffs at Zomato latest sign of turbulence in food-technology industryThe expected layoffs at online restaurant-discovery platform Zomato are only the latest sign of turbulence in the food-technology industry.
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