After sacking 400 “under-performing” employees in July, the country’s top etailer Flipkart is learnt to be in the process of letting go of 800 more employees. The e-commerce major plans to “out-place” half of these employees, while the rest will be left to find jobs on their own.
Sanchit Vir Gogia, Chief Analyst and CEO, Greyhound Research, observed: “This is a right-sizing measure by Flipkart, which most corporates resort to, to cut the extra flab in the organisation when they are under pressure to report better, result-oriented performance for their investors. This was bound to happen and does not surprise me.”
Source: Hindu Business Line