Zomato Lays Over 500 Employees Due to COVID-19

▴ zomato-lays-over-500-employees-covid19-lockdown-worldbank-garib-kalyan-yojana
Indian food delivery startup Zomato said on Friday it will lay off 13% of its workforce, or around 520 representatives due to lockdown

Indian food delivery startup Zomato said on Friday it will lay off 13% of its workforce, or around 520 representatives, as a weeks-in length coronavirus lockdown injures the café business just as hits interest for online ordering.

There would be impermanent pay cuts for all representatives, with up to half cuts for those procuring progressively, organizer, and Chief Executive Officer Deepinder Goyal stated, including those being laid off would be paid half of their pay rates for a half year.

India has been under an over 50-day lockdown which has constrained open places, for example, cafés to stay shut to control the spread of the novel coronavirus. As of Friday, the number of contaminations approached 82,000.

"An enormous number of cafés have just closed down for all time, and we realize this is only a glimpse of something larger," Goyal said in a note to workers.

"There's no returning to the 'ordinary'".

Zomato, one of India's most noticeable new companies, is one of numerous which are laying off laborers or reevaluating portions of their business as the COVID-19 pandemic hits incomes.

The organization has just enhanced into basic food item conveyances - a help named "fundamental" in India, and along these lines permitted to run - as an approach to support its business. It has likewise focused on a drive into liquor conveyances, Reuters detailed not long ago.

Goyal said Zomato's food-request volumes had fallen and the organization saw "long haul potential" in basic food item conveyances.

The organization has diminished its month to month money consume and has a "liberal sum" of the monetary runway in the bank, he included.

Upheld by Ant Financial - a partner of Chinese web-based business mammoth Alibaba Group Holding - Zomato purchased Uber's Indian food conveyance business in January.

Meanwhile, the World Bank has approved one billion US dollar 'Accelerating India’s COVID-19 Social Protection Response Programme' to support India. Total commitment from the Bank towards emergency COVID-19 response in India is two billion US dollars. This new support will be funded in two phases - an immediate allocation of 750 million US dollars for the fiscal year 2020 and a 250 million US dollar second tranche that will be made available for the fiscal year 2021.

World Bank India Head Junaid Ahmad has praised India's economic stimulus package on private channels as tactical and a sign of commitment. The first phase of the operation will be implemented countrywide through the Pradhan Mantri Garib Kalyan Yojana. It will immediately help scale-up cash transfers and food benefits, using a core set of pre-existing national platforms and programs such as the Public Distribution System and Direct Benefit Transfers and provide robust social protection for essential workers involved in COVID-19 relief efforts. It will also benefit vulnerable groups, particularly migrants and informal workers, who face high risks of exclusion under the Pradhan Mantri Garib Kalyan Yojana.

Tags : #Zomato #DeepinderGoyal #JunaidAhmed #AlibabaGroupHolding

Related Stories

Loading Please wait...

-Advertisements-



Trending Now

Nanavati Max Hospital Hosts Max Cancer Congress 2026, Bringing Together Oncology Experts to Explore the Future of Cancer Care October 01, 2026
Dhiya Fertility and Maternity Center Performs Tamil Nadu’s First Robot-Assisted Fertility Procedure; 37-Year-Old Woman Delivers Healthy Baby GirlOctober 01, 2026
Habuild’s “Are You Still Awake?” Campaign Encourages India to Switch Off, Sleep on Time and Not Take Everything to Heart October 01, 2026
CoinSwitch Turns Profitable in FY26 as Revenue Surges 150% to ₹324 CrOctober 01, 2026
Mega CPR Training: Baby Memorial Hospital Vadakara enters Asia and India Book of RecordsOctober 01, 2026
Supertails vaccinates 300 dogs and cats against rabies across Bengaluru in a three-day World Rabies Day drive October 01, 2026
Why Continuity of Care Matters When Patients Move Between Health FacilitiesOctober 01, 2026
Building Stronger Referral Pathways Between Primary Care and Specialist ServicesOctober 01, 2026
How Can Diabetes and High Blood Pressure Quietly Lead to Kidney Failure?September 30, 2026
Apollo Hospitals’ “My Hands Are Ready” Sets World Record Title with 61,221 CPR Pledges in 30 DaysSeptember 30, 2026
How Medical Device Trials and Validation Shape Safer Healthcare Innovation in IndiaSeptember 30, 2026
Medical Device Safety in India: What Patients Should Know About Recalls and AlertsSeptember 30, 2026
Smart Implants: How Connected Devices Could Transform Follow-Up Care in IndiaSeptember 30, 2026
Single-Use Medical Devices: Innovation, Cost and Sustainability in Indian HealthcareSeptember 30, 2026
11th National Convention on Medicine & Law 2026 Successfully Concludes at D Y Patil University, Navi MumbaiSeptember 29, 2026
Can Your Skin Show the Signs of Chronic Stress? Dermatologists Explain What to Watch ForSeptember 29, 2026
MDI Gurgaon’s Samvaad X ScaNxt NXT STEP to Put Strategic Decision-Making Under Polycrisis Conditions to TestSeptember 29, 2026
Point-of-Care Diagnostics in India: Bringing Faster Testing Closer to PatientsSeptember 29, 2026
Adult Vaccination in India: The Preventive Care Gap Beyond ChildhoodSeptember 29, 2026
Maternal Nutrition Beyond Iron and Folic Acid: What Modern Prenatal Care in India Should IncludeSeptember 29, 2026