Thursday, March 28

Tag: Getits

4,000 Lose Jobs as AskMe Shuts Down
News

4,000 Lose Jobs as AskMe Shuts Down

Hit by a cash crunch, e-commerce company AskMe has decided to shut shop, leaving 4,000 staffers jobless, while its majority investor Astro said it will appoint a forensic auditor to review the books of the startups parent firm Getit. In an internal mail, Anand Sonbhadra, Group CFO at Getit Infoservices, directed senior staff to take certain steps to ensure prevention of "further liabilities" given the company's "current financial situation". "Prevent any further creation of liabilities by suspending operational activities...Temporarily close all hubs and all offices as possible," he said. Noting that the non-payment of salaries to delivery boys and lower staff may cause them to take "inappropriate actions" at hubs, Sonbhadra said any untoward incident needs to be prevented and assets ...