India: Snapdeal to cut 600 staff, founders forego salary

India: Snapdeal to cut 600 staff, founders forego salary

Employees of Snapdeal.com work inside their company office in New Delhi March 1, 2012. REUTERS/Parivartan Sharma/Files

Indian online marketplace Snapdeal is to lay off 600 employees and its founders will forego their salaries as the company struggles to turn a profit in a market increasingly dominated by rivals Flipkart and Amazon.

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