Swiggy Announced Healthcare and Wellness Benefits for its Employees
Reportedly all impacted employees will have medical Insurance cover for them and nominated family members till december 31, 2020. Additionally, swiggy will also be providing insurance cover for their parents. They will have accident and term insurance till 31st december 2020, along with a wellness assistance programme to ensure the physical, emotional/mental and financial well-being of impacted employees and their families, providing unlimited tele/video consultation access to experienced doctors, counsellors and financial advisors till december 31.Swiggy will also be setting up a dedicated and fully-trained talent acquisition team assisting impacted employees round the clock in identifying suitable opportunities and providing necessary career support for the next three months. Impacted employees will be enabled to retain their allocated work laptops and be supported on mobile phone communication allowance for the next 3 months.
Impacted employees will also get free LinkedIn Learning access for the next three months, for both technical and professional skill development. “We have also curated and assigned content to them around resume building, interviewing skills, emotional intelligence, etc. that will help them with their career transition during this time,” Sriharsha added. For those employees who relocated to join swiggy in the last one year and have now been let go, swiggy will reimburse the expenses in case they wish to move back.
Sriharsha also hinted that swiggy will be cutting down on real estate costs by identifying and significantly reducing every single indirect cost like hubs, office infrastructure, etc. swiggy will be scaling down or shutting down adjacent businesses that ‘are either going to be highly volatile or will not be highly relevant for the next 18 months’. This will include its cloud kitchens business, which has been impacted the most. swiggy has already begun the process of shutting down kitchen facilities temporarily or permanently, depending on their outlook and profitability profile. “We are already operating at significantly lower levels on our staffing and physical infra than our earlier footprint and will continue to optimize before we get more clarity on order volumes for food delivery,” Sriharsha said.