Zomato terminates nearly 5,000 gig workers a month: Deepinder Goyal
The gig economy has been a topic of discussion in recent years, with many companies relying on temporary or contract workers to carry out their operations. One such company is Zomato, a popular food delivery platform that has been in the news lately for its treatment of gig workers. In a recent podcast, Zomato’s CEO Deepinder Goyal revealed that the company terminates nearly 5,000 gig workers every month, primarily due to fraud cases. This statement has sparked a lot of debate and discussion about the working conditions and treatment of gig workers in the industry.
According to Goyal, the company has a massive workforce of 7.5 lakh workers, and around 1.5-2 lakh workers leave voluntarily every month. To replace those exiting, the company onboards a similar number of workers monthly. This high turnover rate is not unique to Zomato, as many companies in the gig economy face similar challenges. However, the fact that nearly 5,000 workers are being terminated every month due to fraud cases raises some serious concerns about the company’s hiring and screening processes.
Goyal’s statement came just days after gig workers went on strike during New Year’s Eve over unfavourable working conditions. The strike was a result of the workers’ frustration with the company’s policies, including long working hours, low pay, and lack of benefits. The strike highlighted the struggles faced by gig workers, who often have to work long hours without any job security or benefits.
The issue of gig workers’ rights is a complex one, and companies like Zomato need to take a closer look at their policies and practices. While the company may argue that it is taking steps to prevent fraud, the fact that nearly 5,000 workers are being terminated every month suggests that there may be a more systemic problem at play. The company needs to ensure that its hiring and screening processes are robust and effective, and that workers are treated fairly and with respect.
Furthermore, the high turnover rate among gig workers is a cause for concern. The fact that around 1.5-2 lakh workers leave voluntarily every month suggests that there may be underlying issues with the company’s working conditions or policies. Companies like Zomato need to take steps to retain their workers, including providing better pay, benefits, and job security.
The gig economy is a rapidly growing sector, and companies like Zomato need to take a proactive approach to addressing the concerns of their workers. This includes providing fair pay, safe working conditions, and benefits like health insurance and paid time off. By doing so, companies can help to improve the lives of their workers, reduce turnover rates, and improve their overall reputation.
In addition, the government also needs to play a role in regulating the gig economy and protecting the rights of workers. This includes implementing laws and regulations that provide a minimum level of protection for workers, such as minimum wage laws, workers’ compensation, and unemployment benefits. By working together, companies and governments can help to create a more fair and equitable gig economy that benefits both workers and businesses.
In conclusion, the issue of gig workers’ rights is a complex and multifaceted one, and companies like Zomato need to take a closer look at their policies and practices. The fact that nearly 5,000 workers are being terminated every month due to fraud cases is a cause for concern, and the company needs to take steps to address the underlying issues. By providing fair pay, benefits, and job security, companies can help to improve the lives of their workers and reduce turnover rates. The government also needs to play a role in regulating the gig economy and protecting the rights of workers. Only by working together can we create a more fair and equitable gig economy that benefits both workers and businesses.
News Source: https://www.newsbytesapp.com/news/business/zomato-terminates-5-000-employees-monthly-over-fraud/story
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