Flipkart, India's largest e-commerce company have announced lay-offs on Friday days after revealing that it is buying fashion site Jabong for 70 million dollars.
<img title="Flipkart" src="http://images.mid-day.com/images/images/2015/apr/14-%20flipkart.jpg" alt="Flipkart" width="650" height="226" />Flipkart
A company statement said that it is asking under-performers to leave but has not confirmed on how many people it will give the pink slip.
The move may impact 700-1000 people.
E-commerce companies in India are facing greater competition from both domestic rivals mainly being Amazon.com Inc.
Earlier e-tailer Flipkart-owned Myntra announced acquiring e-store Jabong from its London-based owners Global Fashion Group (GFG) for $70 million (Rs 471 crore) to consolidate its position in the fashion and lifestyle segment both operate in.
Flipkart deals with&nbsp;mobiles, electronics, appliances, lifestyle and wide range of original products with cash on delivery and free shipping options.

Flipkart, India's largest e-commerce company have announced lay-offs on Friday days after revealing that it is buying fashion site Jabong for Rs 471 crore

E-commerce giant Flipkart announces layoffs, may impact 1000 jobs

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Home / News / India News / Article / E-commerce giant Flipkart announces layoffs, may impact 1000 jobs

E-commerce giant Flipkart announces layoffs, may impact 1000 jobs

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