Travel aggregator MakeMyTrip has reportedly laid off 350 employees as the travel industry has taken a severe hit due to the COVID-19 pandemic.

The company said that it was unclear as to when traveling will become a way of life, as it was in the pre-COVID period.

MMT Group Executive Chairman Deep Kalra and Group CEO Rajesh Magow have written in an email to employees, saying that they have analysed the pandemic impact closely over the last two months and it has changed the context and viability of some of their business lines.

"As we revisited some of our strategic imperatives to be able to sustain our business in the long term, it is evident that the pandemic has changed the context and viability of some of our business lines in its current form. Keeping this in mind we have had to take this sad but inevitable decision of rightsizing our workforce," the letter read.

"We are truly appreciative of all the work they have put in over the years to make this organisation what it is today. The staff rationalisation we have had to undertake is mapped to our future business strategy and is in no way a reflection of the work done by people in these teams. We wish them only the very best for what follows from here, and we thank them deeply for their rich contribution to Go-MMT," it added.