Snapdeal founders send letter to employees assuring job safety, appraisals
The letter to employees comes after reports of investors plans to sell Snapdeals to Flipkart and the fate of the staff.
In a letter to Snapdeal employees founders Kunal Bahl and Rohit Bansal assured them of the safety of their jobs and their appraisal cycle. They said that there will be no disruption in employment and assured them of their salary revision and promotion. The letter was reportedly sent to the employees on Saturday and comes in the midst of media reports regarding the sale of Snapdeal to Flipkart by its largest investor SoftBank.
Bahl in the letter said, “While our investors are driving the discussions around the way forward, I am reaching out to let you know that the well-being of the entire team is mine and Rohit's top and only priority.”
Why fate of Snapdeal's employees is a big question if sale to Flipkart goes through
Bahl said, “In the interim, the annual performance review process is nearly complete and you will the receive the salary revision and promotion letters (where applicable) over the next two weeks. Given the incredible progress we have made around our profitability journey as a company, the overall increments this year are higher than those offered last year.”
Recent media reports said that the conversation of the sales of the company to Flipkart has largely been around deciding the fate of the 2,500 employees who currently work at Snapdeal.
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