1. Snapdeal
Snapdeal has been in news for a long time now. The co-founders also warned their employees of tough times. So far, it has handed pink slips to over 1,000 employees. It is expected it will downsize its staff even more.
2. LeEco
The Chinese smartphone maker has been trying hard to make its presence feel in the Indian market. Even though it has denied, several reports suggest LeEco is exiting India, cutting down 85% of its staff. LeEco CEO Jia Yueting, in a letter to his employees in 2016, had said they are facing acute cash crunch. Well, there is no smoke without fire.
3. YepMe
Funds are also drying up at YepMe. The fashion portal is said to have reduced its headcount by at least 80%. As per a report, employees are complaining of delayed salaries, and customers are vexed over no refund on order returns.
4. PropTiger
After its merger with Housing.com, online realty portal PropTiger.com laid off at least 200 employees.
