Flipkart lays off 400-500 employees in latest performance review
Business
Flipkart, owned by Walmart, has let go of 400 to 500 employees, about 3% to 4% of its staff, during its most recent performance review.
This is a bigger cut than usual and mainly affects people in operations, engineering, and marketing.
Many of those affected had been placed on performance improvement plans.
Job cuts part of Flipkart's restructuring ahead of potential IPO
These job cuts are part of Flipkart's ongoing restructuring as it gears up for a possible IPO in 2026.
Over the past two years, the company has trimmed its senior leadership team.
Employees impacted by these changes are being offered transition support.
Flipkart's headquarters to move back to India
Flipkart received approval last December to move its headquarters from Singapore back to India.