As the coronavirus pandemic continues to impact the lives of many people around the world in numerous ways, businesses that have seen their sales funnels and cash flows depleting are taking strong measures to ensure the survival and continuity of business. Shop101, a Mumbai-headquartered social commerce company has asked nearly 40% of its 450 employees…
Tag: Fareportal
Coronavirus Impact: Travel industry becomes ground zero for job losses
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•The coronavirus pandemic has now started to impact the world economy to another level. The novel virus outbreak, which was once considered to be China’s “internal problem”, has now become a global headache. The World Health Organization has now termed the outbreak as “pandemic”, forcing governments to act on war footing to combat the disease…
Exclusive: Travel tech firm Fareportal lays off employees
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•New York-based global tech travel firm Fareportal has reportedly laid off about 200 employees from its Gurugram and Pune offices amid the ongoing coronavirus pandemic. The novel coronavirus pandemic has crippled the travel industry forcing companies to run for their money and conserve as much capital as they can. This has led travel companies to…