Walmart-owned e-commerce big Flipkart has requested round 400-500 staff to exit the corporate this 12 months, based mostly on its efficiency overview, in accordance with a report by Financial Instances.
This layoffs account for roughly 3-4% of Flipkart’s complete workforce, larger than the standard 1-2% of staff within the lowest efficiency bracket that the corporate usually lets go every year.
“Flipkart conducts common efficiency opinions aligned with clearly outlined expectations. As a part of this course of, a small share of staff might transition from the organisation. We’re supporting affected staff with transition assist,” the corporate informed ET.
(Extra to come back)