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SNAPDEAL SALARY CUT
Indian startups like Grofers, Zomato start restoring salaries after pay cutsWhile the country's economy has gradually begun to open up, albeit under a tight leash, the startups are beginning to reinstate the salarie...
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...
2 months after layoffs, Snapdeal initiates payouts to affected employeesThe online marketplace has a significantly larger workforce that has been affected by the retrenchment, but it has declined to specify the ...
Snapdeal to slash office space in Gurgaon by over 60%The online retailer had moved to its Gurgaon campus less than two years ago when it leased a 4.5-lakh-sq-ft campus in Udyog Vihar to keep p...
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.
Softbank appoints Kabir Mishra to Snapdeal boardThe decision comes in the wake of Snapdeal hoping to hit profitability in the next two years as it undertakes a number of steps, including ...
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 ...
Paytm sniffs deal in laid-off talent from Snapdeal and Stayzilla"We are recruiting for our marketplace and the bank. So, trained and domain experts are welcome. We believe startups have great people," a ...
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...
Snapdeal to cut wage costs by over 60%This comes on the back of rising salaries and bonuses amounting to Rs 673 crore for the financial year 2015-16, compared to Rs 217 crore a ...
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...
5 Silicon Valley tech hires who quit Indian unicorns in a yearThis exodus also comes at a time when Indian tech companies are struggling with a funding slowdown leading them to cut costs.
Bigger companies like Flipkart, Snapdeal, others poach app developers from smaller firms like NamakhFinding the right engineering talent has become a bugbear for India's startups, as heavily funded ecomm cos battle for command.
With fatter paychecks, startups rope in more talent than big cos like IBM, HULStart-ups and emerging firms like TaxiForSure, ZipDial, Snapdeal offered salaries higher than established companies at the last placement s...