9 Technology Companies Cuts Jobs In India, 2017
In this year, about 9 companies of technology sector came with an unpleasant news in the country. With global and political changes, many startup companies of technology sector in the country starting their business with an unpredictable future. In 2017 the companies dismiss their workers from employment and cut jobs across the country. Here are the list of that 9 companies which cut their jobs in 2017;
The Chinese billionaire Jia Yueting’s company LeEco is one of the largest online video companies in China. Recentlly,the company recognized that it was fast running out of cash. The company fired 85% of Indian staffs.
The cellular services company Aircel reportedly dismissed 700 of its employees in February this year. Around 10 % of staff is pan-Indian. There are 8,000 employees of Aircel all over in India.
The e- commerce company Snapdeal confirmed that it is cutting jobs, the exact number of employees who are affected by the decision are not specified by the company.
Online shopping company Yepme lay off some unspecified number of people from their team.”We were planning to break-even in January. But demonetization hit, (the option for cash payments on delivery) disappeared and sales were down. We decided to move our focus outside of India.” Vivek Gour, founder of Yepme.
Pay U is a payment gateway company in India recently dropped a plan related to credit card product. The company reportedly dismissed 85 members from call centre team.
Industrial marketplace Tolexo dismissed about 50 employees from the company. Some reports show that the company laid off 300 employees.
The largest platform of homestays Stayzilla recently closed their work. The online hotel website failed to raise their funding of $20 million. “ I would like to announce today that we would be bringing to a halt the operations of Stayzilla in its current form. This has been one of the toughest decisions that I have taken so far but it is the right thing to do.” quoted by Yogi Vasupal, CEO and founder of Stayzilla.
Gignar Software Company who runs automobile portals like Cardekho.com, Gaadi.com and Zigwheels.com, recently cut 100 job employees from the company.
The online shopping company Craftvilla is known for the fashion reportedly cut the jobs of hundreds of employee. “(Craftvilla) has laid off more than 100 staffers in recent weeks, including its entire product and technology teams and most of its operations and marketing teams,” a former senior executive of the company told ET.
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