E-commerce major Flipkart has cut nearly 250–300 jobs following its annual performance review, impacting employees across multiple departments and levels within the organisation.
The workforce reduction has taken place as the Walmart-backed company has continued senior-level hiring ahead of its planned initial public offering (IPO), as per media reports.
Flipkart has stated that the layoffs are part of its routine performance review process and that a small percentage of employees may transition out of the organisation as a result.
“Flipkart conducts regular performance reviews aligned with clearly defined expectations. As part of this process, a small percentage of employees may transition from the organisation. We are supporting affected employees with transition support,” Flipkart said in a statement, without specifying the number of employees impacted in the exercise.
