How Snapdeal's layoffs could be a good thing

Snapdeal's leadership decided to come clean about its mistakes, reports Tech in Asia

Today Snapdeal, India’s third largest e-commerce company, announced that it was laying off staff to "rationalise" its workforce as it aims to "become India’s first profitable e-commerce company in two years". Sources in the company say the layoffs are going to impact roughly 500-600 employees.

In this environment, Kunal Bahl and Rohit Bansal’s letter comes as a welcome break.

According to most industry experts, a serious upheaval in a company needs three broad moves:

1) Asking for help from the right people

Snapdeal seems to have started on this track earlier this year when it hired Jason Kothari as chief