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Ecommerce major Flipkart is seeing senior vice presidents (SVPs) leaving, including leaders from Cleartrip, Mobikwik, and Instagram. The company is addressing its top-heavy structure and improving agility. Performance-based layoffs are happening across all verticals. Flipkart is focusing on financial services, grocery business, and PhonePe, while aiming to turn profitable.
Kohli joins a growing list of senior executives who are on their way out as Flipkart CEO Kalyan Krishnamurthy pushes for better execution with an aim to turn the e-commerce giant profitable.
Ecommerce major Flipkart is seeing senior vice presidents (SVPs) leaving, including leaders from Cleartrip, Mobikwik, and Instagram. The company is addressing its top-heavy structure and improving agility. Performance-based layoffs are happening across all verticals. Flipkart is focusing on financial services, grocery business, and PhonePe, while aiming to turn profitable.
Flipkart, the mega e-commerce giant, is preparing to lay off 5% of its total workforce, which is estimated to be around 1000 employees.
In a major restructuring effort, Indian e-commerce giant Flipkart plans to lay off around 1000 employees, accounting for 5 per cent of its workforce. The company also confirmed a salary increment freeze and a hiring freeze for 2023.