Think scale of the layoffs. And there, the numbers are not in the hundreds. They are in the thousands.

“Forget the founders, there are two bodyguards here”

The mood inside Snapdeal is glum. Employees are being called into meeting rooms, every day, and handed relieving letters. Rohit Bansal, the COO, is nowhere to be spotted in the Gurugram office; actually, employees The Ken spoke with can’t remember seeing him, the last few weeks.