Flipkart is reportedly sacking 1,000 employees, 5%. The company has suspended hiring and not raised top 30% salaries. Flipkart employs 22,000 (excluding Myntra). eBay also loses personnel.
Flipkart’s yearly restructuring includes 1,000 layoffs, or 5% of the workforce. In 2023, the company banned hiring and did not raise pay for the top 30%, including senior management. Flipkart takes many initiatives to adapt to economic and industrial developments, but layoffs are unclear.
Flipkart has 22,000 employees, excluding Myntra. They’re not laid off. The company has ignored worker reduction reports.
Different 2023 Strategy
Amazon recently laid off numerous employees, but Flipkart responded differently. Flipkart’s CPO, Krishna Raghavan, emphasized the company’s prudent hiring standards and avoidance of overhiring and controversy.
Flipkart suspended hiring last year to minimize costs. Although Flipkart’s main offices didn’t announce layoffs, 50 fashion e-commerce employees left after a restructure.
Many eBay employees will lose their jobs due to changes. Approximately 1,000 full-time employees—9% of the company—will be laid go. Contract workers will diminish in coming months.
Conclusion
Flipkart’s yearly restructuring cuts 1,000 jobs, or 5%. The company suspended hiring and did not raise top 30% pay to minimize costs. No Myntra employees are among Flipkart’s 22,000. CPO Krishna Raghavan advised careful hiring. eBay is also restructuring and may lay off personnel.
