Shopclues Sacked 45-50 Employees
It has been announced that Shopclues fired 45-50 employees from different domains.
A company spokesperson confirmed the layoffs but pointed out that they were made according to the individuals’ work performance, which according to the firm “has impacted less than 4% of the company’s overall workforce.”
"Unfortunate as it might be, the rigors of a merit-based system requires that we keep the bar high on individual performance. As we wrap up the review cycle for FY 2018, this decision has impacted less than 4% of the total workforce," the company spokesperson said.
The firm currently employs between 1,150-1,200 individuals.
The layoffs come at a time when Shopclues is losing long strides to India’s two biggest e-commerce companies – Flipkart and Amazon. Snapdeal is also changing ...