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Walmart to shed one-third of employees at Jabong, merge with Myntra

As a process for the merger of Myntra and Jabong is going on, Walmart started to shed about one-third of the employees at Jabong after the ouster of Flipkart CEO, Binny Bansal. As the 40% of the workforce is predicted to be out, the chief financial officer of Myntra and Jabong, Dipanjan Basu also stepped down. Basu who joined Myntra in 2016 was the Vice-president at Wipro Digital. The move to trim the employees is confirmed by the Myntra Chief Ananth Narayanan who wrote a letter to the employees and…

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