Flipkart reportedly reshuffled executives at the vice-president level in some categories

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Flipkart, the e-commerce platform owned by Walmart, has reportedly reshuffled executives at the vice-president level in some categories. The firm’s senior vice president, Ravish Sinha, has resigned, according to a report in The Economic Times (ET). Before assuming the position of SVP of supply chain, Sinha worked for the company for 8 years as the VP of engineering.

On January 30, an internal note was distributed to all firm employees informing them of the changes. An executive claims that the business rotates its vice presidents every three years. Executives can now lead various businesses thanks to this. Many of those who changed roles have already begun to assume obligations.

According to ET, Jagjeet Harode, who previously served as VP of Marketplace, will now lead the large appliance business unit. He will report to Hari Kumar, who is in charge of the electronics category.

Rakesh Krishnan, vice president of electronics, will take over as CEO of the marketplace.

The company is also facing a cash crunch. It announced in February that there will be no raises for the top 30% of employees from January to December 2022. It is expected to have an impact on 4,500 employees.

“Given the current macroeconomic situation, we want to be prudent in managing our resources while keeping our employees’ best interests in mind,” Flipkart CPO Krishna Raghavan wrote in an email to employees.

Quick, the company’s grocery delivery service, has also reportedly been scaled back. It will now solely deliver fresh groceries.

“Flipkart Quick is not closing; it has scaled down from a few cities and continues in a couple of cities as we build a sustainable business model in Quick commerce that is focused on fresh groceries,” the company told ET.

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Flipkart reportedly reshuffled executives at the vice-president level in some categories

Flipkart, the e-commerce platform owned by Walmart, has reportedly reshuffled executives at the vice-president level in some categories. The firm’s senior vice president, Ravish Sinha, has resigned, according to a report in The Economic Times (ET). Before assuming the position of SVP of supply chain, Sinha worked for the company for 8 years as the VP of engineering.

On January 30, an internal note was distributed to all firm employees informing them of the changes. An executive claims that the business rotates its vice presidents every three years. Executives can now lead various businesses thanks to this. Many of those who changed roles have already begun to assume obligations.

According to ET, Jagjeet Harode, who previously served as VP of Marketplace, will now lead the large appliance business unit. He will report to Hari Kumar, who is in charge of the electronics category.

Rakesh Krishnan, vice president of electronics, will take over as CEO of the marketplace.

The company is also facing a cash crunch. It announced in February that there will be no raises for the top 30% of employees from January to December 2022. It is expected to have an impact on 4,500 employees.

“Given the current macroeconomic situation, we want to be prudent in managing our resources while keeping our employees’ best interests in mind,” Flipkart CPO Krishna Raghavan wrote in an email to employees.

Quick, the company’s grocery delivery service, has also reportedly been scaled back. It will now solely deliver fresh groceries.

“Flipkart Quick is not closing; it has scaled down from a few cities and continues in a couple of cities as we build a sustainable business model in Quick commerce that is focused on fresh groceries,” the company told ET.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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