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Myntra to absorb remaining Jabong employees on its payroll
short by Kanishka Pandey / on Friday, 31 May, 2019
Myntra has announced it will absorb all remaining Jabong employees on its payroll to create a unified workforce. Flipkart-owned Myntra had acquired Jabong for $70 million in 2016. Jabong reportedly had a total of 400 employees in 2018, of which 180 were fired and 100 were absorbed in Myntra after Walmart's $16-billion deal to acquire 77% stake in Flipkart.
read more at Inc42