Myntra find the way to absorb Jabong's employees on its payroll
Flipkart has been under restructuring the employees of the acquired companies of Myntra and Jabong into one entity, to attract the audience they have been running two different portals .
The report shows, 180 of Jabong’s 400 employee force had been laid off and 100 had been absorbed by Myntra. Now the remaining 120 employees of have been transferred to Myntra’s payroll. The majority of these employees work from Jabong’s Gurgaon office .
There is no change in the scope of their jobs; role, responsibilities, and remuneration all remain the same for these employees, told Amar Nagaram, head of Myntra in a townhall meeting organised for the purpose of making this announcement. Only now, they would be a part of a larger company, so their scope for career development improves.
However, they will gain greater opportunities like moving up the ladder in the “unified workforce” of Myntra and Jabong, reports Business Standard.
Our take is that given both Bansal’s have left Flipkart, Ananth Narayanan CEO of Myntra quit, and both Myntra and Jabong – companies that run on the same business model and sell same kinds of products – have been merged, it made no sense for Flipkart to keep two offices. The move has solely been made to consolidate Flipkart-Myntra-Jabong operations .