{"id":1277600,"date":"2024-01-08T10:07:48","date_gmt":"2024-01-08T04:37:48","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1277600"},"modified":"2024-01-09T08:39:58","modified_gmt":"2024-01-09T03:09:58","slug":"flipkart-can-fire-1500-employees-upto-5-7-workforce-expected-to-be-reduced-in-next-90-days","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/flipkart-can-fire-1500-employees-upto-5-7-workforce-expected-to-be-reduced-in-next-90-days\/","title":{"rendered":"Flipkart Can Fire 1500 Employees: Upto 5-7% Workforce Expected To Be Reduced In Next 90 Days"},"content":{"rendered":"\n

Flipkart is executing performance-based job cuts that will reduce its team strength by 5-7%, as per Times of India reports<\/a>. The trimming exercise, tied to annual reviews, will conclude by March-April 2024.<\/p>\n\n\n\n

\"Flipkart<\/figure>\n\n\n\n

Currently employing 22,000 people excluding Myntra, the Walmart-owned e-commerce major is entering a restructuring phase to optimize resources and operations. This is not the first occurrence of role rationalization at Flipkart – similar annual exercises have happened over the past two years as well.<\/p>\n\n\n\n

Moreover, Flipkart has refrained from new hires over the last 12 months as part of its cost control tactics. The company is also in the process of securing $1 billion in fresh capital from investors like Walmart.<\/p>\n\n\n\n

Flipkart Firing & Strategic Business Expansion Plans<\/strong><\/h2>\n\n\n\n

While rightsizing its team, Flipkart continues to defer its IPO plans until at least 2024. It expects its recent Cleartrip acquisition and other strategic ventures to each achieve a GMV of $1.5-1.7 billion. The firm is keen to make further investments in the hotels category via Cleartrip.<\/p>\n\n\n\n

Company insiders state that the leadership has spent months working on internal synergies. The restructuring allows Flipkart to re-evaluate short and long-term plans. As part of raising $600 million capital from Walmart, it is finding avenues to rationalize expenses across segments.<\/p>\n\n\n\n

Flipkart Firing: Industry-wide Team Corrections<\/strong><\/h2>\n\n\n\n

Several leading internet companies in India are now optimizing teams after rampant growth during the pandemic demand surge in 2021. Industry experts predict more such rationalization actions from other well-funded startups across 2024.<\/p>\n\n\n\n

For Flipkart, the current restructuring echoes the turbulent 2023 journey of India’s e-commerce sector – thus warranting essential corrections. Its annual evaluation cycle drives role adjustments to boost operational efficiency using existing resources. The whole industry is responding to the changing e-commerce landscape dynamics via such recalibration.<\/p>\n","protected":false},"excerpt":{"rendered":"

Flipkart is executing performance-based job cuts that will reduce its team strength by 5-7%, as per Times of India reports. The trimming exercise, tied to annual reviews, will conclude by March-April 2024. Currently employing 22,000 people excluding Myntra, the Walmart-owned e-commerce major is entering a restructuring phase to optimize resources and operations. This is not […]<\/p>\n","protected":false},"author":30,"featured_media":1277609,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[394],"class_list":["post-1277600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-flipkart"],"acf":[],"yoast_head":"\nFlipkart Can Fire 1500 Employees: Upto 5-7% Workforce Expected To Be Reduced In Next 90 Days - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/flipkart-can-fire-1500-employees-upto-5-7-workforce-expected-to-be-reduced-in-next-90-days\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Flipkart Can Fire 1500 Employees: Upto 5-7% Workforce Expected To Be Reduced In Next 90 Days - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"Flipkart is executing performance-based job cuts that will reduce its team strength by 5-7%, as per Times of India reports. 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