Beleaguered online marketplace Snapdeal is in the process of vacating over 60% of its office space in Gurgaon as it moves into a single tower in line with its shrinking operations. The development comes at a time when the \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 e-commerce company is on the path to a potential merger with bigger rival Flipkart orchestrated by its largest shareholder SoftBank, as reported by TOI in its March 29 edition.<\/p>\n
Snapdeal has undertaken mass layoffs to cut costs amid a cash crunch. In an internal communication, reviewed by TOI, the company said it will move out of the B wing of AFS Centre, Gurgaon. The online retailer had moved to its Gurgaon campus less than two years ago when it leased a 4.5-lakh-sq-ft campus in Udyog Vihar to keep pace with its aggressive hiring. “As you may be aware we are consolidating our offices across Gurgaon. We will vacate Centre B on April 30, 2017,” an email to company staffers said. “Essentially there will be one tower in all compared to two each in two compounds,” a person aware of the move added. When contacted, a Snapdeal spokesperson confirmed that some of the facilities will be relocated within the Gurgaon office without going into details.<\/p>\n
Read more:\u00a0Times of India<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Beleaguered online marketplace Snapdeal is in the process of vacating over 60% of its office space in Gurgaon as it moves into a single tower in line with its shrinking operations. The development comes at a time when the \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 e-commerce company is on the path to a\u2026 Read More »<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[104,230,251],"class_list":["post-1580","post","type-post","status-publish","format-standard","hentry","category-city","category-ncr","tag-office-space","tag-snapdeal","tag-vacate"],"_links":{"self":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/comments?post=1580"}],"version-history":[{"count":1,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1580\/revisions"}],"predecessor-version":[{"id":1581,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1580\/revisions\/1581"}],"wp:attachment":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/media?parent=1580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/categories?post=1580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/tags?post=1580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}