India, Feb. 6 -- Fashion ecommerce major Myntra is laying off employees as part of a consolidation exercise, which aims to move its Gurugram-based satellite operations to Bengaluru.

Sources told Inc42 that the company aims to relocate certain roles into larger teams based out of Bengaluru, while some jobs will be phased out. The relocation and retrenchments will impact 50 employees of the company's Gurugram-based catalogue team.

A source close to the company said that the move is aimed at centralising teams, streamlining internal processes and improving coordination. The Walmart-backed marketplace plans to offer severance pay, outplacement services and extended insurance cover to the impacted employees, added the source.

The source sai...