SparklyDumpling

Stealth

Swiggy lays off 380 in emergency townhall

1-on-1s getting scheduled by end of day, 3-month severance, just announced.

28mo ago

Talking product sense with Ridhi

9 min AI interview5 questions

DancingBiscuit

Stealth28mo

also hope you’re safe OP!

SparklyDumpling

Stealth28mo

I am, some of my friends got a 1x1 invite already.

FuzzyCoconut

Stealth28mo

Are all invites sent or still pending for some? Scary times

DancingBiscuit

Stealth28mo

what is the reason they gave?

SparklyDumpling

Stealth28mo

Tough climate, need to be better prepared for future, same old.

ZestyNoodle

Stealth28mo

Afaik, the least performed ones in a team is laid off , also those departments who had less utilisation .

If you work in a very high performing team and u were like above average performer , chances are u had to face an unfair exit.

The layoff doesn’t seem like random , one of my close connection works here

JumpyNugget

PayU28mo

This is bullshit. Those guys who got promoted during mid year appraisal got laid off.

PeppyBanana

Swiggy28mo

That’s concerning!

DancingBiscuit

Stealth28mo

VPs exiting? any senior level cuts?

SparklyDumpling

Stealth28mo

This is happening parallely, directly, not as part of mass layoffs I feel.

DancingBiscuit

Stealth28mo

this is confirmed but?

SillyBurrito

HCL28mo

Is that package problem or performance problem…

BubblyBurrito

Swiggy28mo

Cost-cutting to become profitable problem

FuzzyCoconut

Stealth28mo

380 with future rounds of layoffs possible, overhiring is the reason, generic ceo and hr statement, 3 months severance, all access revoked today

BubblyBurrito

Swiggy28mo

Know a few people in my team who got laid off as well :(

QuirkyBoba

Porter28mo

Sad day indeed. Pls tc.

DancingBiscuit

Stealth28mo

what are the slack channels saying?

SparklyDumpling

Stealth28mo

Not too much public chatter, sense of insecurity privately.

PeppyBanana

Swiggy28mo

I heard that some managers are asking teams not to talk about it on groups or unofficial WA channels.

QuirkyPotato

MindTickle28mo

Once you have info, can u please confirm the severance package. 3 months x in-hand salary or 3 x basic pay

PerkyTaco

Swiggy28mo

In hand salary. It’s notice period (2 months for engineering) + 2 weeks * tenure years, with a minimum of 3 months in total. The leave encashment is based on basic pay.

SparklyMuffin

Sunflag Iron & Steel Co.28mo

Is this now a FOMO that needs to be done this week only or what

Discover more

Curated from across

Layoffs28mo

by WigglyBurritoBusiness Analyst

🚨 Swiggy Plans to Layoff 600 Employees

Nearly 8-10% of Workforce amid Cost Cutting

Layoffs28mo

by CosmicNoodleProduct Manager

Swiggy Layoffs

What’s happening at Swiggy? Which teams are being laid off and how is the process being handled?

Hope not the way Sharechat did.

Layoffs28mo

by FloatingLlamaCloud Architect

Swiggy to cut 8-10% of workforce

Indian Startups16mo

by ZippyTacoAccenture

Layoffs happening at Swiggy - 400 of us

Just like last year, this year too... Somehow found out about it via news. There was chatter about it over the last couple of days, but didn't think it could just happen.

It's a long weekend now and not even sure when people will be ...