Flipkart asks about 500 employees to leave: What the company has to say

Flipkart has reportedly asked about 400 to 500 employees to leave the company this year, citing low score in annual performance cycles. Citing sources familiar with the matter, The Economic Times reported that this number represents 3-4% of the company’s employee base, and is higher than the usual 1-2% of the bottom performers that the company lets go every year.

The ‘performance’ factor behind the ‘layoffs’