People sharpening knives against Snapdeal: WalmartLabs' Jain
E-commerce giant Walmart's technology division WalmartLabs' Senior Director Ankur Jain said that many people are sharpening their knives against Snapdeal and its Co-founders Kunal Bahl and Rohit Bansal. "Snapdeal tried few experiments and things didn't work out," said Jain. This comes after Snapdeal confirmed that it is firing 600 employees and its Co-founders announced to take a 100% pay cut.