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Snapdeal May Cut Staff by Half After Flipkart Merger “Fail”
August 07, 2017
After calling off the deal with Flipkart, as per which it was to sell the company for $900- 950 million, Snapdeal may lay off half of its workforce over the next couple of months.
Now that the deal is off the table and there is no sign of a possible merger, Snapdeal has started working on a new roadmap which it calls Snapdeal 2.0. According to inside sources, Snapdeal will now limit its operations and lay off as many as 600 employees of its 1,200-employee workforce.
