Zomato has granted stock options under employee stock ownership plan (ESOP) 2014 and ESOP 2021.
The company is granting 158 options under the Foodie Bay Employee Stock Option Plan 2014 and 2.17 lakh options under the Zomato Employee Stock Option Plan 2021.
The ESOP grant is valued at approximately Rs 4.42 crore based on the company's opening price of Rs 203.
Zomato recently let go of 600 customer support associates as operational efficiencies from its AI-powered customer support platform increased.