Snapdeal furloughs 50-55 staff whilst demand picks up

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PTI | Earlier this month, many companies including Indiabulls Home Finance, HDB Financial Services, Uber, Ola and Swiggy have laid off employees as coronavirus pandemic hit the business.

An Indian e-commerce company, Snapdeal has put about 7% of its full-time workforce, or 50-55 individuals on a three-month furlough, The e-commerce agency has 750 employees on its payroll whereas one other 800 of staff are on contract.

A Snapdeal spokesperson confirmed the event without offering any details and stated in an emailed response, “In the course of the furlough interval, they’ll obtain their contractual dues and can have continued entitlement to medical insurance coverage for themselves and their households,”

A furlough is a brief go away for workers. “The affect is throughout groups from product to advertising and gross sales,” stated an individual instantly within the know.

Earlier this week, Snapdeal claimed that order volumes grew after e-commerce companies had been allowed to promote non-essentials throughout the nation besides in containment zones from Could 18. Funds telephones, children’s clothes, stress cookers, trimmers, had been the highest sellers for the e-tailer, an organization spokesperson added.

The company has also partnered with e-learning players including Toppr, Gradeup among others to offer e-books, mock tests, practice materials, and other online products for general academics, competitive tests, and upskilling courses.

Recently in this month many of the startups like Ola, Swiggy, Zomato, Oyo, Treebo, Paytm, Lendingkart, as well as others such as Curefit, Udaan, and Livspace, have asked hundreds of employees to leave as the coronavirus lockdown hit their revenues.

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