Swiggy Lays Off 380 Employees, CEO Calls Overhiring Case of ‘Poor Judgement’

Swiggy Lays Off 380 Employees, CEO Calls Overhiring Case of ‘Poor Judgement’

Online food delivery platform Swiggy on Friday laid off 380 employees as part of a “restructuring exercise” citing challenging macroeconomic conditions, with its CEO Sriharsha Majety saying that overhiring was a case of “poor judgement” where he should have done better. In an internal email, Majety, Co-Founder and CEO, also…