Flipkart, the Walmart-owned e-commerce giant, has recently undertaken a strategic workforce adjustment by laying off approximately 300 employees as part of its annual performance review cycle. This move, reported by The Economic Times, falls within Flipkart’s routine performance management process, where employees in lower performance bands are asked to exit the organization. These job cuts represent about 1.5% of Flipkart’s total employee base, which is estimated at 20,000 individuals across various teams.
Flipkart’s periodic performance reviews are integral to its annual appraisal process, evaluating employees against predefined performance metrics and organizational standards. This recent action mirrors a similar initiative in 2024 when the company also conducted layoffs affecting around 1,000 employees during its annual appraisal exercise.
Source: Entrackr : Latest Posts