Zomato set to lay off 4% of its total workforce to cut costs and turn profitable
- IBJ Bureau
- Nov 20, 2022
Gurugram-headquartered food aggregator Zomato has reportedly started laying off employees this week and plans to drop at least 4 per cent of its total workforce to cut costs and turn profitable. This update comes after its co-founder Mohit Gupta resigned from his post on Friday.
At least 100 employees have already been impacted across functions like the product, tech, catalogue and marketing, reported the MoneyControl, citing sources. It further added that employees in the supply chain had not been impacted.
The source told the news portal that employees in roles that had become redundant had been let go.
The source also added that a few account managers dealing with cloud kitchens had also been replaced.
Zomato recently saw multiple top-level exits from the company.
The top-level exits include Rahul Ganjoo, who was the new initiatives head, and Siddharth Jhawar, the vice-president of global growth. The company’s Deputy Chief Financial Officer Nitin Savara had also stepped down in August.
Earlier, Zomato had announced that it would discontinue its food delivery operations in the United Arab Emirates. “We would like to update the exchange that the company will discontinue rendering of services to Talabat in the UAE w.e.f. November 24, 2022,” the company had said in a statement.