Inside Flipkart’s downsizing drive: layoffs, meagre pay hikes, more PIPs
Synopsis
While Flipkart denies that it has laid off employees, multiple sources within the company tell ET Prime that a stealth downsizing exercise is underway. According to them, the company’s annual workforce streamlining and the post-appraisal performance improvement programme have affected an unusually large number of people in recent months.
In early December 2022, a mid-level Flipkart employee was asked by his manager to join a one-on-one virtual call. Many employees of the e-commerce major were working from home at the time. A few minutes into the call, the axe fell. To his utter shock, the employee was asked to resign. “There was no clarity on the reason for it. They didn’t pin it down to performance, nor did they say it was a cost-cutting exercise,” the employee tells ET Prime
- FONT SIZE
AbcSmall
AbcMedium
AbcLarge
Uh-oh! This is an exclusive story available for selected readers only.
Worry not. You’re just a step away.
Why ?
-
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
-
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
-
Clean experience with
Minimal Ads -
Comment & Engage with ET Prime community -
Exclusive invites to Virtual Events with Industry Leaders -
A trusted team of Journalists & Analysts who can best filter signal from noise
For all the latest Technology News Click Here
For the latest news and updates, follow us on Google News.