911—The number that spooked Snapdeal

Snapdeal-Boxes_feOn Wednesday, Snapdeal founders Kunal Bahl and Rohit Bansal said they will not take salaries for an undisclosed period as the company struggles to survive. Well, that makes financial and ethical sense. It’s ethically right because it takes a large heart to admit mistakes and share the pain of employees, many of whom are losing […]

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Snapdeal layoffs: In the works for months, but kept out of employees’ sight

Snapdeal_by-Junaid2For employees of India’s third-largest e-commerce firm Snapdeal, the last couple of weeks have been stressful, to put it mildly. The tension is palpable, with the HR calling everyone for a one-on-one session, a meeting that will decide whether they are headed towards the exit door or will manage to hold on to their job. […]

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eBay fires product, tech team in India

layoffstock-by-shah-junaid-(33)_feUS-based online selling platform eBay Inc has laid off the entire product and technology team from its India development centre in Bengaluru, citing a review in operational structure. A spokesperson for the company confirmed the development. “As a normal course of business, eBay regularly reviews its operational structure and today we announced some changes to […]

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Twitter’s India head Rishi Jaitly quits

Rishi JaitlyUS-based micro-blogging platform Twitter Inc’s India head Rishi Jaitly is leaving the firm after a four-year stint, amidst reports of a potential sale of the company. Jaitly, who is at the helm of Twitter’s India operations as vice president of Asia Pacific and Middle East businesses, revealed on Twitter on Tuesday that he is moving […]

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Twitter may cut more jobs as future remains uncertain

job cutMicroblogging platform Twitter Inc. may cut about 300 jobs, or 8% of its workforce, Bloomberg reported, citing people familiar with the matter it didn’t name. The San Francisco-based company could announce the layoffs as early as this week, Bloomberg said. The number of planned job cuts could change, it added. Twitter, listed on the New […]

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Ola shuts TaxiForSure unit, lays off up to 1,000 people

OlaCab-hailing company Ola has shut its TaxiForSure unit and is laying off as many as 1,000 employees, people with direct knowledge of the development told TechCircle, as the SoftBank Group Corp-backed firm tightens its belt to take on US-based rival Uber. About 90% of the staff being laid off from TaxiForSure works in operations such […]

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TinyOwl shuts operations in all cities except Mumbai

TinyOwl7Online food ordering app TinyOwl seems to have finally pulled down the shutters after struggling to restructure its business for several months. The food ordering app, which in November last year saw several sacked employees in Pune holding co-founder Gaurav Choudhary hostage over their severance package, has reportedly shut down its operations in 17 cities […]

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Exclusive: Laundry startup Flashdoor closes operations

Flashdoor-Flashdoor, a Bangalore-based on-demand laundry service platform, has pulled down its shutters. This comes just a few months after it raised funding from former Flipkart executives Ankit Nagori and Sujeet Kumar. Confirming the development, Flashdoor co-founder Ankit Agarwal told Techcircle.in that the startup experimented with various business models before it decided to close down operations. […]

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