In Snapdeal 2.0 ambitions, employees may again be collateral damage

Snapdeal

Latest News – A day after Snapdeal “won” the David-versus-Goliath fight – in this case big investors like SoftBank Group being Goliath – the company seems to have lost the plot in gaining the trust of its thousand-plus employees, whom it promised the moon.

Most of the team members had hoped that after Flipkart buys out the company they would finally get some breathing space and job security. But what they face in turn is a failed buyout deal and yet another round of layoffs.

So how many employees does Snapdeal really have? Guess what, in the last one-and-a-half years Snapdeal has effectively cut down its employee strength from 10,000 to 1,200. But it will not end (Read More)

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