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Swiggy’s Workforce Restructuring Sparks Concerns: Up to 7% Jobs at Risk Amidst Pre-IPO Preparations

400 employees in online food delivery company Swiggy may have to lose their jobs. According to media reports, food delivery companies can fire 7% of their employees. Swiggy has taken this decision under workforce restructuring. Last year, this company had laid off 380 employees. Now the news is coming that there may be layoffs in the company for the second time in a year.

Employees of this team may be out

According to media reports, 6 thousand people are on payroll in Swiggy. This layoff may affect the tech and operation team employees. No statement has come yet regarding this news. In such a situation, there is a possibility of 7% people losing their jobs.

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Fees on Swiggy may increase

There have also been reports regarding Swiggy that Swiggy has increased the platform fees for some of its special customers. This fee has been increased from Rs 5 to Rs 10. On this, Swiggy says that it is on experimental basis. It is being considered to be implemented.

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Swiggy will launch IPO soon

Swiggy is preparing to launch an IPO soon. But the company has not clarified the information regarding the date of launching the IPO. According to media reports, it wants to curb expenses before launching the IPO. The company is preparing draft papers of IPO with SEBI to reduce its losses. Last year, food delivery company Zomato had brought its IPO.

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