After merger talks with Flipkart fail, Snapdeal may lay off 80% workforce

With the collapse of its ongoing merger talks with Flipkart, online marketplace Snapdeal may witness mass layoffs as the company looks to cut down 80 per cent of its employee strength, media reports said. According to a report in ANI, the management has given verbal instructions to their department heads to prepare the list. Additionally, the official also revealed that …

IT industry layoffs: More complaints filed against Wipro, Cognizant, others

India’s large IT services companies are witnessing increasing backlash from employees who have been asked to resign in recent months as the industry sees a structural change due to business as well as technology shifts. Former employees of major IT services firms such as Tech Mahindra, Wipro and Cognizant on Thursday met with labor department officials in Bengaluru and Pune alleging that there …