Report: Flipkart begins performance-based layoffs to reduce staff by 5-7%
E-commerce giant Flipkart has initiated a performance-based workforce reduction initiative, intending to decrease its total team size by 5-7 per cent, reported The Economic Times, quoting sources familiar with the matter. The process is anticipated to be completed by March-April this year. The move comes as Flipkart grapples with the need for cost control, having … Read more