Snapdeal denies reports of 80% layoff of its employees
Snapdeal on Monday denied reports that it will be sacking 1,000 employees after it walked away from the Flipkart deal.
Key highlights:
- Snapdeal denies reports of it going to sack 1,000 employees
- Says that there will not be any layoffs
- Some employees may leave the company during this transition process
Snapdeal has denied that it is laying off 80% of its employees. A source from the company rubbished media reports that Snapdeal has decided to sack around 1,000 of the 1,200 employees that are present in the company. The source added that while there will not be any layoffs, it can be expected that some employees may leave the company during this transition process.
Snapdeal rejects Flipkart acquisition deal; plans to walk alone ahead
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.