ShopClues lays off 200 people to cut costs
Posted On : Friday, July 19, 2019, 6:25 PM
E-commerce platform ShopClues has laid off about 200 employees as it struggles to rein in 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. When contacted, a ShopClues spokesperson said the company has been steadily reducing its workforce mostly in operating functions as it leverages gains from technology. "We have always been an employee-first company and have ensured that impacted employees, if any, are outplaced proactively," it added.