Snapdeal's employee cost more than doubled to ₹911cr in 2016
Snapdeal, which is firing 600 employees, saw its employee expenses more than double to ₹911 crore in 2015-16 from ₹367 crore the year before. Earlier reports suggested Snapdeal wants its monthly salary bill to fall to around ₹20 crore. In the wake of layoffs, Snapdeal founders Kunal Bahl and Rohit Bansal are taking a 100% pay cut.