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ShopClues lays off 200 people to cut costs

E-commerce platform ShopClues has laid off about 200 employees as it struggles to control costs in the hyper-competitive online shopping segment in India. According to sources, ShopClues has sacked about 200 people as its efforts to find a buyer failed. Recently, ShopClues was in talks with larger rival Snapdeal for a potential acquisition. ShopClues has been steadily reducing its workforce mostly in operating functions. ShopClues posted losses of Rs 208 crore for the year ended March 2018. 

Read More at The Economic Times News date : 19 Jul 2019, Friday

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