25,000 Flipkart Employees To Benefit From $700 Million Cash Payout: Report

Kalyan Krishnamurthy, the Flipkart CEO (chief executive officer), announced the cash payout in an internal email to its employees last week. The payout will be available to holders of employee stock options. “We are pleased to announce that employees, who are holders of Flipkart ESOPs (employee stock option plans), will receive a one-time discretionary cash payout as part of the transaction. This payout represents the value of the Ph...