 "ShopClues raises funds from GIC & Tiger Global, valuation seen at $1.1 bn")
ShopClues has seen exits of more than 250 employees, nearly 20 per cent of its 1,200-odd workforce, since February, it is learnt. These were not voluntary departures, sources told Business Standard, though none of the employees had been issued a termination letter. At the time of leaving, most of them submitted resignation letters citing personal reasons, another source said. Some of the exits were linked to performance appraisals as well.
The company called it a process of ''natural attrition''. Cost rationalisation could have been the reason behind the departures, said sources. The employees who left were given a month’s salary as
