The Myntra Jabong merger has been a setback to its employees as this led to the lay off of so many workers. And now, Myntra could sack another 200 staff at Jabong in the next three months after deciding to lay off around 250 employees.
Myntra’s chief executive Ananth Narayanan stated that about 250 jobs will be lost as Myntra and Jabong are combining functions from finance, technology, marketing and creative teams among others departments. Also, a source mentioned that Jabong employs around 600 people.
“Myntra and Jabong will now fully integrate all the remaining functions including technology, marketing, category, revenue, finance and creative teams,” a Myntra spokesperson said in a statement.
“To remain the leader in fashion e-commerce in India, we have to find ways to operate more effectively and innovate more quickly,” said the company.
Jabong was acquired by Myntra for $70 million in July 2016. Myntra had always maintained that Jabong will be operated as a separate business and said Jabong is popular among women and the brand is stronger in the important National Capital Region.