No lay-offs expected at Jabong, says Myntra CEO
Reacting to Flipkart's acquisition of Jabong for $70 million earlier this week, Myntra CEO Ananth Narayanan said on Friday, "As of now, we have no reason to believe that there will be any lay-offs." He added, "This transaction will provide Jabong employees an opportunity to shape the future of fashion e-commerce at a larger scale."