By Admin 
Flipkart Layoff: Walmart-owned e-commerce company Flipkart has shown the exit to 300 employees. The decision to lay off the employees has been taken after its annual performance review held on March 6-7. In this sequence, about 300 employees have been retrenched.
This new round of exits has affected approximately 1.5 percent of Flipkart’s workforce. The total workforce of the company is about 20000 employees. This retrenchment done by the company has taken place in different departments including engineering, operations and marketing.
Layoffs have happened before too
This step taken by Flipkart is part of the company’s annual performance management process, under which low performing employees are usually asked to leave the company. The company has done the same from time to time in the last few years.
In early 2024, Flipkart laid off around 1000 employees as a part of its annual performance review cycle. This was 5 percent of its total workforce. Like many big companies, Flipkart has focused on improving operational efficiency and cost discipline in recent years.
IPO preparation
The layoffs by the company have taken place at a time when Flipkart is preparing for public listing in India. The company has started talks with some investment banks including Goldman Sachs, Morgan Stanley, JP Morgan and Kotak Mahindra Capital to explore the possibility of a proposed IPO. However, this process is still in the initial stage. Before launching the IPO, the company is focusing on reducing its costs and increasing efficiency.
These are also the reasons for layoff
The company is shifting its base from Singapore to India and in this sequence changes are being made in the senior leadership. Apart from this, even though the company’s revenue has increased by 14 percent in the financial year 2025, the loss still persists. In such a situation, to control expenses, the company has put a ban on new hiring for the last one year.
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