Flipkart may fire up to 7% employees by April: Report

Flipkart Layoff 2024: As part of a work reduction exercise, Walmart-owned Flipkart is likely to reduce its workforce by 5-7%, reported The Economic Times. As per the report, the company is currently conducting a performance review and the process will be completed by March-April.

Flipkart Layoff 2024: Performance-based job reduction

Flipkart which has reportedly frozen hiring in the past year has been implementing these performance-based job reductions annually for the past two years. The Economic Times in December reported that Flipkart is closing $1-billion financing from Walmart.

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The Economic Times report quoted a person aware of the matter and said that the company is planning a better utilisation of resources across its businesses. The publication further mentioned that the restructuring as well as the roadmap for 2024 will be discussed and crystallised at a gathering of senior executives due next month.

Flipkart which is India's largest e-commerce company employs 22,000 employees excluding its fashion portal Myntra.