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Mumbai-headquartered social commerce company Shop101 has asked nearly 40% of its total employees to resign while others have been asked to take pay cuts. The company had informed its employees on April 3 via a group call, Inc42 has learned from sources close to the development.
A source within Shop101 said that out of total 400-500 employees, nearly 200 employees across teams have been asked to leave. The company also terminated nearly 100 contractual employees, who were involved in call centre operations.
To read more, visit – https://4-2.co/2z3fui0
