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Zomato laying off nearly 3% of staff due to cost-cutting

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Zomato announced on Saturday that it will let go of less than 3% of its whole workforce. According to the business, the firings are related to regular performance. Before this churn, the Gurugram-based company employed about 3,800 people.

In May 2020, Zomato last reduced their workforce by 520 employees, or 13% of its total workforce, in reaction to the decline in sales that followed the coronavirus epidemic.

The company recently had three top-level employees leave, and now there will be layoffs.

Mohit Gupta, a co-founder of Zomato, left the company on Friday. This comes after the departures of Siddharth Jhawar, the former director of the Intercity Legends service, and Rahul Ganjoo, the head of the new projects, earlier this month.

Gupta departs the Gurugram-based company after working there for four and a half years. He started working for the company in 2018 and oversaw Zomato’s meal delivery division. In 2020, the company promoted him to co-founder.

“MG (Mohit Gupta) – you have been a brother and a friend to me over the last few years. You have done a tremendous job here, brought us back from the brink of extinction, scaled the business to new heights, got us to profitability, and above all, coached me over the years to become capable of running such a large and complex business,” Zomato founder and chief executive Deepinder Goyal said in a note, according to a regulatory filing.

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