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Flipkart announced cash payments to employees leaving PhonePe

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Flipkart announced cash payments to employees leaving PhonePe

By: Sreejit Kumar

After completing its separation process from PhonePe, Flipkart announced a cash payout for the employees parting from PhonePe.

A spokesperson for Flipkart confirmed the development to Inc42, but the payout amount could not be determined. Just after the PhonePe separation process was completed in the morning, Flipkart reportedly sent an internal note to its employees informing them of a one-time voluntary cash payout. “This payout represents the value of the PhonePe holding within those Flipkart options,” said Flipkart CEO Kalyan Krishnamurthy in a note. The news comes just days after Flipkart announced that it had completed the separation of online payment platform PhonePe.

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Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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By Sreejit Kumar

After completing its separation process from PhonePe, Flipkart announced a cash payout for the employees parting from PhonePe.

A spokesperson for Flipkart confirmed the development to Inc42, but the payout amount could not be determined. Just after the PhonePe separation process was completed in the morning, Flipkart reportedly sent an internal note to its employees informing them of a one-time voluntary cash payout. “This payout represents the value of the PhonePe holding within those Flipkart options,” said Flipkart CEO Kalyan Krishnamurthy in a note. The news comes just days after Flipkart announced that it had completed the separation of online payment platform PhonePe.

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Previous article
Facebook’s parent company Meta agreed to a $725 million settlement in a class-action lawsuit
Next article
BYJU’S denies allegations of malpractice and agrees to assess customer affordability
Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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