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Wednesday, February 22, 2017

Snapdeal to lay off 600 people

According to news Snapdeal backed by SoftBank is planning to lay off 600 people in next few days. The company started the process last week and will lay off 500-600 people across Snapdeal, Vulcan (logistics) and Freecharge (digital payments business).

Also see: 65% of IT employees not retrainable Said Capgemini India chief

Snapdeal spokeperson said On our journey towards becoming India's first profitable e-commerce company in two years, it is important that we continue to drive efficiency across all parts of our business, which enables us to pass on the value to our consumers and sellers. We have realigned our resources and teams to further these goals and drive high-quality business growth.

Currently Snapdeal has employee strength of 8,000.

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