Zomato plans to lay off 3% of its workforce

Online food delivery platform Zomato on Saturday said it is planning to lay off nearly 3 percent of its workforce on account of cost-cutting efforts and to turn profitable.The decision comes after many tech giants and social media sites announced layoffs.Zomato stated that layoffs will be based on regular performance.“There has been a regular performance-based churn of under 3 per cent of our workforce, there’s nothing more to it,” said a Zomato spokesperson.The company currently has nearly 3,800 employees.In May 2020, Zomato laid off about 520 of its employees, or 13 per cent of its staff, in response to a slump in business following the Covid pandemic.Meanwhile, Zomato’s co-founder Mohit Gupta quit the organisation on Friday.Moreover, the food delivery platform announced earlier this week that Rahul Ganjoo had ended his 5-year tenure as Head of New Initiatives.Earlier in the month, Zomato’s Vice President for global growth Siddharth Jhawar announced his departure as well.