staff | Pixr8 News

Jabong to Lay Off Another 200 People in Three Months

19Nov By Gauri SinghNo Comments

News

Jabong to Lay Off Another 200 People in Three Months

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 mor...

Tech In Asia Lays Off Employees After Scrapping Planned ICO

28Sep By Gauri SinghNo Comments

News

Tech In Asia Lays Off Employees After Scrapping Planned ICO

Singapore-based media startup Tech In Asia lately announced an $18 per month paywall and the subscription went live this week. This was built to make the business self-sustaining after a tricky period of business in which the company observed an ICO and was forced to lay off its staff. The company made cutbacks of s many as one-third of its team after it went back on a plan to raise money from an ICO. It was in July that the company canceled its ICO plans and fired 18 of its 60 employees in Singapore. “Our goal is to give Tech In Asia back into the hands of the community and harness community forces to bring us closer to our mission of building and serving Asia’s tech communities,” the company stated. Most of the layoffs were in non-editorial business lines such as the company’s jobs ...

Ofo To Close Down in India: Fires Majority Staff

10Jul By Gauri SinghNo Comments

News

Ofo To Close Down in India: Fires Majority Staff

World’s first station-free bike sharing platform ‘Ofo’ is reportedly closing down its operations in India. The Alibaba-backed Chinese company, therefore, has fired a majority of the staff that was responsible for its India operations. The company was established in the country last year in the month of November. It had spread its business in various cities of India including Chennai, Indore, Ahmedabad, and Pune. However, the company claimed that Ofo has stopped its operations in all the but in Pune, it has tied up with the Pune Municipal Corporation (PMC) to support the Pune Cycle Plan. Ofo had promised the employees that they would have a discussion regarding the operational roadmap for the next few years. But, these things never took place and the employees were not even given the ...

Flipkart & Snapdeal Will Hire 20000 Staff Ahead of Festive Season

11Sep By Press Trust of IndiaNo Comments

News

Flipkart & Snapdeal Will Hire 20000 Staff Ahead of Festive Season

E-commerce major Flipkart expects to hire over 10,000 temporary staff to ramp up its delivery and logistics service to meet the festive demand. The move comes as part of the preparations being made by e-commerce companies as they launch offers to boost sales during the upcoming festive period. "With the festive season coming in, we are confident that Big Billion Days (sale) will be bigger and better than before this year. "In addition to having the new capability of alternate delivery model, we are looking at hiring more than 10,000 temporary staff in logistics and last mile across the country," Flipkart Chief Administrative Officer Nitin Seth said. This will be done to meet the massive demand that Flipkart expects during the festive season, he added. Flipkarts rival Snapdeal al...