Snapdeal founders send letter to employees assuring job safety, appraisals

In a letter to Snapdeal employees founders Kunal Bahl and Rohit Bansal assured them of the safety of their jobs and their appraisal cycle. They said that there will be no disruption in employment and assured them of their salary revision and promotion. The letter was reportedly sent to the employees on Saturday and comes in the midst of media reports regarding the sale of Snapdeal to Flipkart by its largest investor SoftBank.

Bahl in the letter said, “While our investors are driving the discussions around the way forward, I am reaching out to let you know that the well-being of the entire team is mine and Rohit's top and only priority.”

He further said assured the employees that they will do all they can in working with their investors to ensure that there is no disruption in employment and that there are positive professional as well as financial outcomes for the team as the way forward becomes clear. “Let me repeat, your well-being is our No 1 priority,” he said.

Also read: Why fate of Snapdeal's employees is a big question if sale to Flipkart goes through

Bahl said, “In the interim, the annual performance review process is nearly complete and you will the receive the salary revision and promotion letters (where applicable) over the next two weeks. Given the incredible progress we have made around our profitability journey as a company, the overall increments this year are higher than those offered last year.”

Recent media reports said that the conversation of the sales of the company to Flipkart has largely been around deciding the fate of the 2,500 employees who currently work at Snapdeal.