Walmart-owned ecommerce company Flipkart has laid off around 300 employees as part of its annual performance review cycle, according to sources aware of the development.
The development was first reported by The Economic Times, which said the layoffs are part of the company’s routine performance management process. Employees placed in lower performance bands during the appraisal cycle are being asked to exit the organisation.
The report added that the layoffs account for about 1.5% of Flipkart’s total workforce, which is estimated to be around…
