After a year-based performance review E-commerce platform Flipkart has laid off between around 400-500 employees ET reported citing people familiar with the matter.
The bulk of job cuts constitutes 3 to 4% of company's employee base, higher than the standard 1 to 2% of the bottom performers that the company lets go every year, the report added.
In its response the E-commerce giant was reported as saying, "Flipkart conducts regular performance reviews aligned with clearly defined expectations. As part of this process, a small percentage of employees may transition from the organisation. We are supporting affected employees with transition support."
One of the persons in the know told ET that the number of employees put on performance improvement plan this year exceeds the usual average. Of these, he added, many received a one star rating and were let go.
He further that this was not the case for other companies of the Walmart Inc. group.
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The marketplace arm of e-commerce major Flipkart, Flipkart Internet Pvt. Ltd. reported a consolidated net loss of Rs 1,494.2 crore in FY25, narrowing from Rs 2,358.7 crore in FY24, as per financial data sourced from business intelligence platform Tofler.
Revenue rose 14% to Rs 20,493 crore in fiscal 2025 from 18,241.6 crore in FY24. The rise in revenue aided narrowing of losses.
Even so, Flipkart Internet's 14% growth rate in FY25 was slower than the 21% increase in operating revenue it saw in fiscal 2024, which was the second straight year of over 20% growth. Flipkart's India business is operated via multiple entities, with Flipkart Internet running the marketplace.
This entity earns revenue primarily through seller commissions, advertising income, and other fees for seller services. The company launched its quick commerce arm Flipkart Minutes in August 2024.
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