Flipkart to lay off 1,000 employees to become lean
India's largest e-tailer Flipkart has asked its employees who have failed to meet 'professional expectations' to either resign or take a severance pay.
- Jul 29, 2016,
- Updated Jul 29, 2016 6:50 PM IST
India's largest e-tailer Flipkart has asked its employees who have failed to meet 'professional expectations' to either resign or take a severance pay, according to a report in The Economic Times.
The move, expected to affect 700 to 1,000 employees is a part of the cleanup process to make Flipkart a lean organisation, the report said.
The development comes days after Flipkart's Myntra acquired online fashion retailer Jabong from Global Fashion Group, creating India's biggest fashion shopping destination.
E-commerce giant Flipkart has about 30,000 employees, which means the decision affects some 2.3-3.3% of the workforce, the report said.
However, Flipkart has denied these reports in a statement.
After Jabong's acquisition Flipkart CEO Binny Bansal's wrote a letter to employees saying the acquisition strengthens Flipkart Group's position as the undisputed leader in Fashion and Lifestyle segment in India.
Last year, online food delivery app Zomato laid off a part of its work force due to decline in revenues.
India's largest e-tailer Flipkart has asked its employees who have failed to meet 'professional expectations' to either resign or take a severance pay, according to a report in The Economic Times.
The move, expected to affect 700 to 1,000 employees is a part of the cleanup process to make Flipkart a lean organisation, the report said.
The development comes days after Flipkart's Myntra acquired online fashion retailer Jabong from Global Fashion Group, creating India's biggest fashion shopping destination.
E-commerce giant Flipkart has about 30,000 employees, which means the decision affects some 2.3-3.3% of the workforce, the report said.
However, Flipkart has denied these reports in a statement.
After Jabong's acquisition Flipkart CEO Binny Bansal's wrote a letter to employees saying the acquisition strengthens Flipkart Group's position as the undisputed leader in Fashion and Lifestyle segment in India.
Last year, online food delivery app Zomato laid off a part of its work force due to decline in revenues.