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February 22, 2017 06:17 pm GMT
Snapdeal, one of India’s bigonline marketplaces, is feeling the pinch of competition from Flipkart, Amazon and a host of startups that have emerged withthe rise of e-commerce in the country. The startup — backed by the likes of eBay, Alibaba and Softbank and last valued at $6.5 billion —said it is laying off staff as part of a bigger restructuring.The company has… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/5KWAJrlnmG8/
Indias Snapdeal to lay off 500-600 as it battles Flipkart and Amazon
Snapdeal, one of India’s bigonline marketplaces, is feeling the pinch of competition from Flipkart, Amazon and a host of startups that have emerged withthe rise of e-commerce in the country. The startup — backed by the likes of eBay, Alibaba and Softbank and last valued at $6.5 billion —said it is laying off staff as part of a bigger restructuring.The company has… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/5KWAJrlnmG8/
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