An official assertion learn, “Multiple aspects of our business have changed dramatically over the last couple of months and many of these changes are expected to be permanent. While we continue to build a more focused Zomato, we do not foresee having enough work for all our employees. We owe all our colleagues a challenging work environment, but we won’t be able to offer that to 13 per cent of our workforce going forward.”
The assertion added that the corporate will maintain video calls with impacted staff to stroll them via the following steps and assist discover them jobs as quickly as potential. “We are going to assure them that we stand by them, and will financially and emotionally support them to the fullest possible extent,” additional learn the assertion.
The assertion additionally learn, “All our employees who no longer have any work at Zomato, will continue to be with us at 50 per cent salary for the next six months. During this time, outside of the handover period of 1-2 weeks, we expect these folks to spend 100 per cent of their time and energy towards looking for jobs outside of Zomato.”
It added, “Some impacted employees work with us through manpower agencies and not directly on our payroll. We are going to help these agencies support these employees with two months of severance (vs. 15 days of contractual obligation). Each person leaving us will also be allowed to keep their Zomato issued laptops and phones (if any). Previously allocated ESOPs will continue to vest during this period of 6 months, as all these people will remain on our payroll with reduced pay.”