Zomato to cut its total workforce by at least 4%

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Indian foodtech Zomato is reportedly planning to cut its total workforce by at least 4% in the coming days.

Zomato began laying off employees this week as the loss-making startup seeks to cut costs and become profitable, according to Moneycontrol. According to sources, at least 100 employees have already been impacted across verticals such as product, technology, catalogue, and marketing. The news comes at a time when the startup has seen a string of high-profile exits, and its share price has dropped dramatically in 2022.

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Zomato to cut its total workforce by at least 4%

Indian foodtech Zomato is reportedly planning to cut its total workforce by at least 4% in the coming days.

Zomato began laying off employees this week as the loss-making startup seeks to cut costs and become profitable, according to Moneycontrol. According to sources, at least 100 employees have already been impacted across verticals such as product, technology, catalogue, and marketing. The news comes at a time when the startup has seen a string of high-profile exits, and its share price has dropped dramatically in 2022.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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