Connect with us

Business

Zomato fires 540 employees

Published

on

New Delhi: Online food delivery chain Zomato Saturday laid off 541 employees or 10% of its total strength as it looks to more automation of jobs. Founded in 2008, Zomato has presence in 24 countries.

The company, however, said it would organise a job fair to help those retrenched find employment and would also extend insurance support to them until January 2020.

Over the last few months, we have seen our technology products and platforms evolve and improve significantly. We have dramatically improved the speed of service resolution, such that now only 7.5% of our orders need support (down from 15% in March), Zomato said in a statement.

All the employees fired on Saturday belonged to Zomato’s head office in Gurugram. Those fired, will get upto four months of severance package.

Over the last few months, improvement in its technology interface across functions has led to a reduction in support-related queries; this has led to several roles becoming redundant, prompting the company to lay off employees.

This has led to certain redundancies across its customer, merchant and delivery partner support teams, the company said. It said the move is not due to any cost-cutting plan as it has hired over 1,200 people in its non-delivery teams and another 400 off-rolls positions.
“We have also created jobs for hundreds of thousands of delivery partners. We are still hiring in our technology, product and data sciences teams,” Zomato said.

This is the second round of layoff by the company in the space of a month. In August, 60 employees in its customer support department were asked to go. Back in 2015, the company had laid-off around 300 employees or 10% of it’s the then staff strength.

The move comes at a time when the National Restaurant Association of India (NRAI) has written to food aggregators charging them with indulging in unfair and anti-competitive practices, which were hurting business for eateries.

Business

Tesla bags 200,000 orders for its futuristic ”Cybertruck”

Published

on

By

New Delhi: Elon Musk is back with a bang with his all-new “Cybertruck”. Irrespective of the controversies the all-new Tesla Cybertruck has gathered, it is one of the most radical wheels that has gone on sale in recent times and is becoming quite popular by the day.

Elon Musk took to Twitter to share that Tesla has already received 200k orders since the launch of the “Cybertruck” which was actually 3 days ago(22 November).

Tesla Cybertruck’s production is expected to begin in late 2020. The electric pickup truck is available in three trims — single motor RWD with a range of over 250 miles, dual-motor AWD with a range of more than 300 miles and tri-motor AWD with a range in the north of 500 miles.

The single motor RWD variant of the Cybertruck can go from 0 to 60 mph in below 6.5 seconds and has a towing capacity of over 7,500 pounds, while the dual-motor AWD trim can make 0-60 mph in under 4.5 seconds and boasts of a towing capacity of more than 10,000 pounds. Tesla claims that the tri-motor AWD variant of the vehicle is good for 0-60 mph in less than 2.9 seconds and gets a towing capacity of 14,000 pounds.

Given its relative performance and price, the Cybertruck could be a massive success for Tesla as it enters into the largest segment in the US market. Almost three million pickups were sold to consumers in 2018. If Tesla can carve off a tiny sliver of that, it’ll go a long way toward taking Tesla’s annual sales to the next level.

Continue Reading

Trending