The Snapdeal Crisis: Are the current layoffs an opportunity in disguise? Author - Amit Daga
Hundreds of employees are being handed the pink slip by beleaguered companies like Snapdeal and Stayzilla after these firms went into cost cutting mode. Many e-Retail players are on the verge of expansion, and are now looking at a talent pool that needs jobs and that can help them to grow to a new level and create a buzz in the industry Snapdeal last week went into crisis mode after talks for a bridge round of funding with existing investor SoftBank were deferred because of differences over valuation. However, Founder & MD, Deal Kya Hai, Amit Daga says the current layoffs are not something to bemoan. In fact, they could be an opportunity for many in the industry – other newbies/start-ups – at the very threshold of expansion. “All other players on the verge of expansion are now looking at a talent pool in the industry that needs jobs, and these skilled set of individuals are the ones who can help e-Retailers ...