Zomato has cut 600 jobs (customer service representatives) within a year of hiring. The layoffs came as Zomato faces challenges in its food delivery business and losses in Blinkit.

The shares of food delivery majors Zomato and Swiggy plunged on March 26 after Bank of America ... It reduced the stock's target price to Rs 250 per share from the earlier Rs 300 per share.