Flipkart lays off 3-4% of workforce in annual performance review: Report

Walmart-owned e-commerce giant Flipkart has let go of 400-500 employees as part of its annual performance review cycle, Economic Times reported on Friday. The job cuts account for roughly 3 to 4% of the company’s workforce, higher than the usual 1 to 2% of employees typically asked to leave each year as part of the performance evaluation process, the report stated.

The exits are reportedly part of Flipkart’s yearly performance management process, under which employees placed in the lower performance bands are typically asked to leave the organisation. Similar exercises have been carried out periodically over the past few years as the company continues to refine its workforce structure.