[India] Zomato Cancels Salary Cuts And Triples Lost Employee Pay


 
15 JUL 2020

Online food delivery platform Zomato has announced that it will be retracting salary cuts and instead awarding triple the amount of lost pay to employees who experienced salary cuts. The decision was apparently prompted by a more impressive performance in FY 20 than the company had experienced in the previous fiscal year. In May Zomato laid off 520 employees - the equivalent of 13 per cent of its staff nationally - to offset the impact of lockdown.

The salary cuts taken were voluntary and Zomato’s co-founder took to Twitter to praise employees' commitment to their company and announce the retraction and reimbursements. Zomato has also credited the merger between Zomato and Uber Eats for its part in their success. The merger boosted business and helped the company take the lead over its competitors. Trak.in further examines Zomato's change of heart and details Deepinder Goyal’s statement.