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SNAPDEAL PAY CUT
Kunal Shah named WhatsApp global CEO as Meta takes $900 million stake in CredMeta enters the cap table of fintech co-valued at $4.5 billion post-money; Miten Sampat is interim CEO. The funding comprises about $400 mi...
CarDekho lays off 200 employees, up to 22.5% pay cut for restWhen contacted by ET, a spokesperson for CarDekho confirmed the layoffs and pay cuts, without answering specific queries or providing detai...
Snapdeal's revenue grows 73%, losses drop by 71% in FY19In the last two years, Snapdeal has sharpened its focus on the needs of the value-conscious buyers in India.
As part of its cost cutting drive, Snapdeal vacates ‘Awfis’ in MumbaiMany e-commerce firms have taken to consolidation of office space recently including Flipkart that surrendered 70% of the space in its upco...
Snapdeal to dole out up to 15% pay hike amid sell-off buzzFor senior management, the hike will be 9-12 per cent, but the company may offer 20-25 per cent raise to exceptional performers, they added.
Experts divided over Kunal Bahl’s letter to Snapdeal employeesWhile some leadership experts give the Snapdeal founder full marks for the communication, some others say the move is unlikely to pay off.
Snapdeal may reduce office space in Gurugram to cut costsSnapdeal had leased a total of 480,000 sq ft of office space in the two commercial buildings in Udyog Vihar, Gurugram, developed and owned ...
Now, SBI sends notices to some Snapdeal sellers to pay up duesThe public sector lender has sent notices to several sellers and sought immediate repayment of outstanding loans above their drawing power.
How these high-paid techies got caught in a salary bubble, and how it's bursting nowIn the last few years, India's top startups took salaries of freshers to ridiculously high levels. But now when funding has dried up, they ...
Online sellers seek Nirmala Sitharaman's help to recover dues from Snapdeal“You can see how Snapdeal is not paying the seller by sighting technical issues,” All India Online Vendors' Association (AIOVA) wrote in a ...
Startup execs see 30% salary cutsRecruitment firms, founders and employees across startups say there's been a dip of 1520% in remuneration offered across the board, thanks ...
SoftBank-backed Snapdeal's tale snaps; hands out pink slipsCompany spokesperson, in a written response, denied that it was shutting some of its offices, which sources said it was considering.
Snapdeal layoff row: Will CEO Kunal Bahl’s profitability gamble succeed?Daily shipments have dropped by half over the past month as Snapdeal restructures its operations and awaits a lifeline from primary investo...
To save company, Snapdeal bosses try Spicejet chief’s routeKunal Bahl and Rohit Bansal decided to forego their salaries to share the pain of the staff and lift their morale amid cost cuts and effort...
Having earned 50 crore each earlier, Snapdeal founders take a 100% pay cut to trim costsIn 2014-15, the founders received compensation of Rs 52.94 cr each, including salaries of Rs 1.5 cr and payment against founder stock optio...
Snapdeal confirms layoffs, founders to take 100% pay cut; here's their letter to employeesSoftBank, Foxconn and Alibaba Group-backed company's founders, Kunal Bahl and Rohit Bansal, have pledged not to take salary, for an unspeci...
Pay hikes slide from up to 40% to almost nothing at startupsInMobi has delayed their appraisal cycle while biggies like Flipkart and Snapdeal are being extremely conservative in giving hikes this yea...
Startups, e-commerce companies like Snapdeal, TinyOwl, Knowlarity line up special recruitment teams to take on rivalsAccording to earlier reports of ET, the ecommerce industry is expected to hire more than 50,000 in the next couple of years.
ASCI upholds complaints against 62 advertising campaignsOf 62 campaigns found violating norms, 40 belonged to personal and healthcare category, the Advertising Standard Council of India (ASCI) sa...
- E-commerce companies eye top engineering talent
E-commerce is the buzzword in India. A lot of money and private equity investments are flowing into the sector, which makes it an exciting ...