Zomato hiring bucks trend of mass layoffs at tech companies
Online food delivery and quick commerce firm Zomato has announced it will hire 800 people across five roles — bucking the trend of mass layoffs at tech companies both in India and overseas.
“We have about 800 positions open across five roles at Zomato. If you happen to know someone really good for any of these roles, please tag them on this thread,” said Zomato CEO Deepinder Goyal in a post on social media platform Linkedin.
The roles include chief of staff to CEO, growth manager, product owner, software development engineer and a generalist.
However, the post has taken a good deal of flak on the social media for the role of chief of staff to CEO. “This is a 24x7 job, and the traditional employee mindset of ‘work life balance’ won’t work,” an image tagged to Goyal’s post said.
“We should empower our team members who have more ‘fire in their belly’, and let go of people who don’t. A culture of high standards is an endless list of things. But the starting point of that culture is ‘being present’ – not just physically, but intellectually,” Goyal had said in a statement on the stock exchanges following the second quarter earnings of the company.
The fresh hiring follows recent layoffs at the company: last November, Zomato had reportedly let go of around 3 per cent of its workforce as an annual performance-based churn. Around 150 employees were impacted in the mid to senior roles in the company.
Zomato’s co-founder Mohit Gupta had resigned last November. Rahul Ganjoo, head of new initiatives at the company had also tendered his resignation. Earlier this month, Gunjan Patidar, co-founder and chief technology officer, resigned.
The company’s total adjusted revenue had grown 48 per cent year on year to Rs 2,107 crore during Q2FY23. Total adjusted EBITDA loss (earnings before interest, taxation, depreciation and amortization) was reduced to Rs 192 crore compared with Rs 310 crore in Q2FY22.
Last week Swiggy, which also operates in the online food delivery space, had laid off 380 employees as part of the company’s restructuring exercise amid challenging macroeconomic conditions with CEO Sriharsha Majety saying over-hiring was a case of poor judgment on the part of the company.