Jabong intends to fire 200 more employees in three months

As a part of combining the process of various functions of Jabong with Myntra, the Myntra could fire another 200 staff at Jabong in the next three months after deciding to lay off around 250 employees.

As Myntra and Jabong are combining functions from finance, technology, marketing and creative teams among others departments, the Myntra’s chief executive Ananth Narayanan told the gathering that about 250 jobs will be lost.

A Myntra’s spokesperson in an emailed statement said, “Myntra and Jabong will now fully integrate all the remaining functions including technology, marketing, category, revenue, finance and creative teams, to remain the leader in fashion e-commerce in India, we have to find ways to operate more effectively and innovate more quickly.”

In July 2016, Jabong was acquired by Myntra for $70 million from German investors of Rocket Internet after beating other suitors including rival Snapdeal and Future Group.

Flipkart first announced the departure of co-founder Binny Bansal last week amid allegations of “serious personal misconduct.” As a result, Myntra’s CEO Narayanan, who earlier reported to Flipkart’s Group CEO Bansal before his departure, was made to report to Flipkart’s CEO Kalyan Krishnamurthy. According to the report published in the Economic Times, the potential 250 job cuts were announced at the Jabong town hall on Friday.