Covid-19 pressures Zomato to layoff 13% workforce

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Covid-19 pressures Zomato to layoff 13% workforce

May 15, 2020 17:56 IST

Online food-delivery platform Zomato will be laying off 520 members of its staff, which is about 13% of its workforce and implement an up to 50% pay cut for the rest of the company. CEO and Founder Deepinder Goyal broke the news to employees in an email, stating that employees affected by the layoff will continue to receive 50% of their salary for the next six months or till they find a new job. The news comes as the restaurant industry is pushed to the brink due to closures attributed to Covid-19. The company is also mulling 'partial or full work from home' as a permanent feature to reduce real estate costs.

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