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 making headlines lately due to its treatment of gig workers. In a recent podcast, CEO Deepinder Goyal revealed that the company terminates nearly 5,000 gig workers every month, mainly due to fraud cases. This statement has raised concerns about the working conditions and job security of these workers.
According to Goyal, the company has a massive workforce of 7.5 lakh workers, out of which around 1.5-2 lakh workers leave voluntarily every month. To replace those exiting, the company onboards a similar number of workers monthly. However, the fact that 5,000 workers are being terminated every month due to fraud cases is a worrying trend. It raises questions about the company’s hiring process and its ability to detect and prevent fraudulent activities.
The statement from Goyal comes days after gig workers went on strike during New Year’s Eve over unfavourable working conditions. The workers were protesting against the company’s policies, including the reduction in delivery fees and the introduction of a new payment system. The strike highlighted the plight of gig workers, who often work long hours without any job security or benefits.
The gig economy has been criticized for its treatment of workers, with many companies exploiting their workers for the sake of profit. The lack of job security, low wages, and poor working conditions are some of the common issues faced by gig workers. Zomato’s termination of 5,000 workers every month is a stark reminder of the vulnerabilities of these workers.
Goyal’s statement also highlights the company’s approach to dealing with fraud cases. While it is understandable that the company needs to take action against workers who engage in fraudulent activities, the fact that 5,000 workers are being terminated every month suggests that the company’s hiring process may be flawed. The company needs to take a more nuanced approach to dealing with fraud cases, rather than simply terminating workers.
Moreover, the company’s reliance on gig workers raises questions about its business model. While the gig economy has created new opportunities for workers, it has also created new challenges. The lack of job security, low wages, and poor working conditions are some of the common issues faced by gig workers. Zomato’s business model, which relies heavily on gig workers, needs to be re-examined in light of these challenges.
The strike by gig workers during New Year’s Eve was a wake-up call for the company, and Goyal’s statement suggests that the company is taking steps to address the concerns of its workers. However, more needs to be done to ensure that gig workers are treated fairly and with dignity. The company needs to work towards creating a more sustainable and equitable business model that benefits both the company and its workers.
In conclusion, Zomato’s termination of nearly 5,000 gig workers every month is a worrying trend that highlights the vulnerabilities of these workers. The company’s approach to dealing with fraud cases needs to be re-examined, and its business model needs to be re-evaluated in light of the challenges faced by gig workers. The strike by gig workers during New Year’s Eve was a wake-up call for the company, and it is time for Zomato to take concrete steps to address the concerns of its workers.
As the gig economy continues to grow, it is essential that companies like Zomato take steps to ensure that their workers are treated fairly and with dignity. The termination of 5,000 workers every month is a stark reminder of the need for better working conditions, job security, and benefits for gig workers. Zomato needs to work towards creating a more sustainable and equitable business model that benefits both the company and its workers.
The issue of gig workers’ rights is a complex one, and it requires a nuanced approach. While companies like Zomato need to take steps to address the concerns of their workers, the government also needs to play a role in regulating the gig economy. The introduction of laws and regulations that protect the rights of gig workers is essential to ensure that these workers are treated fairly and with dignity.
In the end, the termination of nearly 5,000 gig workers every month by Zomato is a wake-up call for the company, the government, and the society at large. It highlights the need for better working conditions, job security, and benefits for gig workers. As the gig economy continues to grow, it is essential that we take steps to ensure that these workers are treated fairly and with dignity.
News Source: https://www.newsbytesapp.com/news/business/zomato-terminates-5-000-employees-monthly-over-fraud/story
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