India’s Snapdeal to lay off 500-600 as it battles Flipkart and Amazon

 Snapdeal, one of India’s big online marketplaces, is feeling the pinch of competition from Flipkart, Amazon and a host of startups that have emerged with the 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

from https://techcrunch.com/2017/02/22/indias-snapdeal-to-lay-off-500-600-as-it-battles-flipkart-and-amazon/?ncid=rss