Now, Zomato Fires 500 Plus Employees, To Enforce 50% Salary Cuts - Viral Bake
65
65 points

Firing has become new normal these days for firms to manage finances amidst the pandemic triggered slowdown. And joining the list is Zomato who has decided to fire 13% of its employees. The popular food delivery app has taken this decision to stay afloat in this time of crisis.

The company would release around 520 employees. Zomato’s founder and CEO Deepinder Goyal said the company’s business was severely affected by COVID-19 lockdown. The restaurant industry itself could shrink by 25 to 40 percent over the next 6-12 months, he added.

Zomato
Source: Business Standards

Further, the firm has decided to enforce a 50% salary cut for the rest of the employees. Zomato at present has 5,000 plus employees serving the network. The company has also said that it would pay 50 percent salary for the next 6 months to these who are fired. The salary cuts would come in effect from 1st June.

Also Read: U.S. To Donate ‘Ventilators’ To India, Would Help In Vaccine Development

Zomato meanwhile has started focusing on contactless dining which would be the future in these times. The company has already signed up 25,000 restaurants globally for its new product.


Like it? Share with your friends!

65
65 points

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
1
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
3
omg
win win
0
win