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Snapdeal plans to lay off 600 employees

Snapdeal plans to lay off 600 employees

Wednesday, February 22, 2017, 1:25 PM

Snapdeal will hand over pink slips to around 600 employees across its e-commerce, logistics and payments operations over the next few days. Snapdeal started the process last week and will lay off 500-600 people across Snapdeal, Vulcan (logistics) and Freecharge (digital payments business). Snapdeal, which has been locked in an intense battle with rivals Amazon and Flipkart, has been struggling to raise fresh capital.
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