Snapdeal cuts cost, shifts Mumbai office to co-working space

In an attempt to cut costs, online retailer Snapdeal has vacated its 200-seat office in Mumbai and shifted base to a 90-seat office at a co-working space in Andheri. The expected reduction in costs is expected to be around 10%. Snapdeal in September this year spent over ₹200 crore on rebranding and reportedly fired 200 employees.