Snapdeal to announce huge job cuts, to slash 80% workforce

E-commerce major Snapdeal on Monday revealed that it is facilitating a major layoff in the company, with an agenda to cut down 80 percent of its employee strength.

A senior official of the company told ANI that the management has given verbal instructions to their department heads to prepare the list.

In July last year, the company had over 9,000 employees. However, the management cut down the talent pool down to 1200, without any notice.