Myntra-Jabong merger to affect 10% of combined workforce; Narayanan to lead

One-one-one discussions will also be held with each Jabong employee as the company gears up for its biggest transformation

Flipkart-owned fashion retailer Jabong will merge with its sister company Myntra, which will continue to operate as a separate brand, in a move that could lead to a 10 per cent reduction in the combined workforce. Also, Myntra Chief Executive Ananth Narayanan (pictured) will continue to lead the Myntra-Jabong team, the company said, dismissing speculations about his exit.

The development comes days after Flipkart co-founder Binny Bansal stepped down as chairman and group CEO following an allegation of "serious personal misconduct" against him.

There was tension in the air at Jabong’s Gurugram office on Friday as anxious employees waited to