Flipkart to fire 700-1000 under performers
posted on Jul 29, 2016 @ 6:56PM
India's biggestonline marketplace Flipkart is looking at having strong workforce and is not will to have under performers on board any longer. Flipkart is offering employees who have failed to meet professional expectations the choice to either resign or be sent off with severance pay. "Employees who do not meet the performance bar...are encouraged to seek opportunities outside the company where their skills can be better utilized," a statement said,adding "this is a fairly common practice" among internet firms.
Thedecision is expected to impact 700 to 1,000 staff, two of the sources, who are part of the senior management team at the Bengaluru-based company, said. "The cleanup is a part of the process of making Flipkart a lean organisation," said one of the people cited above. Earlier this week, Flipkart, launched in 2007, announced that it is buying online fashion retailer Jabong for $70 million in cash. Flipkart unit Myntra, India's largest online fashion retailer which is buying Jabong, said the two sites will have a combined base of 15 million monthly active users.