Zomato rewards employees with 17,65,182 shares as stock options, months after layoff

Zomato rewards employees with 17,65,182 shares as stock options, months after layoff

This week, Zomato announced that it will be hiring for 800 positions at the startup.

FPJ Web DeskUpdated: Wednesday, January 25, 2023, 07:06 PM IST
article-image
Image credit: Wikipedia (Representative)

According to a regulatory filing, food delivery giant Zomato has rewarded its employees with 17,65,182 shares as stock options, with a face value of Rs 1.

The allotment for employees comes months after Zomato had laid off 3 per cent of its staff. But this week, Zomato announced that it will be hiring for 800 positions at the startup.

RECENT STORIES

How Hero FinCorp Helps You Use A ₹2 Lakh Personal Loan to Rebuild Your Life?

How Hero FinCorp Helps You Use A ₹2 Lakh Personal Loan to Rebuild Your Life?

Adani Family Completes Ambuja Warrant Subscription, Infuses ₹20,000 Crore To Increase Stake To...

Adani Family Completes Ambuja Warrant Subscription, Infuses ₹20,000 Crore To Increase Stake To...

'...World Must Laugh At Us': Sindh High Court Orders Pakistan's Interior Ministry To Lift X's...

'...World Must Laugh At Us': Sindh High Court Orders Pakistan's Interior Ministry To Lift X's...

Mahindra's Bolero Neo Plus: Luxe, Safe, ₹11.39 Lakh

Mahindra's Bolero Neo Plus: Luxe, Safe, ₹11.39 Lakh

Magellanic Cloud Eyes $300 Million Business In Drone-Based Last Mile Delivery Services

Magellanic Cloud Eyes $300 Million Business In Drone-Based Last Mile Delivery Services