Jabong to merge with Myntra, 10% of all workers to be laid off
Myntra CEO Ananth Narayanan has said all of Jabong's functions will be integrated with the company and about 10% of the combined workforce would be cut. Myntra and Jabong will operate as distinct brands but will be run by one team. Following Binny Bansal's resignation as Flipkart Group CEO, Walmart said Narayanan will report to Flipkart CEO Kalyan Krishnamurthy.