Walmart, new-owner of e-commerce company Flipkart and its other fashion-brands, will lay-off about 200-employees at Jabong and merge the online fashion-retailer with Myntra, media-reports said. Myntra-Jabong CEO Ananth Narayanan confirmed the news of lay-off but said it was just 10% of total-headcount. Narayanan also said that he will continue to head the fashion portals that are in midst of merger of their back-end functions.

Myntra and Jabong have laid off close to 150-employees as-part-of their integration in first such consequence of restructuring that was accelerated in the light of recent developments within the Flipkart Group. Myntra and Jabong, fashion retail portals of the country's top ecommerce firm Flipkart, will soon integrate all their functions, and Myntra chief executive Ananth Narayanan will continue to lead the team, company said.

The chief of Flipkart Group's Myntra-Jabong said on Friday he will continue to lead operations at the fashion unit after a reshuffle in the ranks following the ouster of group CEO Binny Bansal. "I'm very excited about Myntra," Ananth Narayanan, chief executive of Myntra-Jabong told Reuters in an interview after media reports that he was likely to quit.