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Layoffs
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FloatingMuffin
FloatingMuffin
Google

Flipkart is planning to layoff 7% of its workforce

m.economictimes.com

Flipkart may trim rolls by up to 7% in yearly refocus

Spotlight on Cleartrip, grocery and Shopsy; $1-billion funding in progress at company.

Flipkart may trim rolls by up to 7% in yearly refocus
17mo ago
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DizzyTaco
DizzyTaco
Adidas17mo

Is Flipkart and Walmart same, because Walmart was at a hiring spree in the last 2 years

SnoozyBurrito
SnoozyBurrito
Grapevine17mo

@Randomization no, the teams are different!

QuirkyMarshmallow
QuirkyMarshmallow
Walmart17mo

Thankfully, I stood my ground on hiring only when the project is finalized and not lowering my bar. Out of 30 openings I was tasked to hire, I could only hire 5. The projects got postponed and I saved 25 jobs. A little of economics knowledge goes a long way.

JazzyPotato
JazzyPotato
Microsoft17mo

Is it just Flipkart or Phonepe too?

GigglyNarwhal
GigglyNarwhal
Stealth17mo

And Cleartrip

SqueakyTaco
SqueakyTaco
Microsoft17mo

Can confirm about phonepe. It's happening

SparklyRaccoon
SparklyRaccoon
InMobi17mo

Flipkart would be 15000 employees? So this might be as much as 1100 people 😕

FloatingMuffin
FloatingMuffin
Google17mo

It has 22k employees according to Economic times

SwirlyQuokka
SwirlyQuokka
Google17mo

@HighCowboy92 I hope its not that many

SillyMochi
SillyMochi
Stealth17mo

When a deep pocket like Walmart is backing Flipkart what is the need to cut down workforce?

SillyDonut
SillyDonut
TCS17mo

Paise ka chakkar Babu bhaia...paise ka chakkar

DerpyHamster
DerpyHamster
Juniper Networks17mo

Doesn't mean they shouldn't cut. They'll do it every opportunity they can optimise!

WobblyDumpling
WobblyDumpling
Amazon17mo

It is performance based Pip Amazon does this every year for 6% Not a mass layoff per se

FuzzyPickle
FuzzyPickle
Amazon17mo

Knew this was coming 🥲

WobblyNoodle
WobblyNoodle
Zomato17mo

Had heard of Flipkart planning something. Their busiest quarter is the Diwali/Christmas period, and I imagine post that is a ripe time for them to plan this…

WigglyRaccoon
WigglyRaccoon
Google17mo

New Year beginnings! Welcome to Year 2024! 😡😠😤🤬👿

ZestyBanana
ZestyBanana
FamPay17mo

Why are they doing it?

DerpyDumpling
DerpyDumpling
Swiggy17mo

There is no safe place :(

WigglyBoba
WigglyBoba
Accenture17mo

To show profits to the investors

ZippyDumpling
ZippyDumpling
LivSpace17mo

First big company planning it this year? I wonder how this stuff even gets leaked.

SillyDonut
SillyDonut
TCS17mo

Kisi engineer k ghr me journalist hoga

FluffyNugget
FluffyNugget
Plivo17mo

In the article it mentions that this perf. based layoff has been happening since past 2 years. They will surely trim a lot until IPO

QuirkyCupcake
QuirkyCupcake
Netcore17mo

@FunnyBones when are they going for IPO though? has the approv dates been confirmed?

FluffyNugget
FluffyNugget
Plivo17mo

No but it doesn’t seem like they can continue without it. So it’s inevitable.

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Office Gossip
Office Gossip27mo
by PrancingMarshmallowFlipkart

Flipkart Firing?

Someone from my connections told that Flipkart have consulted Bain/BCG ( don't remember exactly) and are planning to fire 10% of the workforce

Anyone heard something?

Office Gossip
Office Gossip17mo
by CosmicRaccoonAmazon

One more layoff !

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user

Looks like planned announcement with Swiggy 🤔

user

Checkout this post on Grapevine - https://share.gvine.app/2sZ4nm8ypVayuipRA Bloodbath coming in Flipkart 25...

Indian Startups
Indian Startups22mo
by ZestyPenguinConsultant

Navi & Myntra - layoff or mass resignation???

Happened last week.

Navi does this half-yearly if not quarterly. Supposed to be performance based but systems and checks are not in place to assure the process is unbiased.

Myntra - not an organisation which does layoffs much.

Plea...