After Amazon, Indian ecommerce major Flipkart has confirmed that 300 employees exited in recent weeks as part of its annual performance review process, affecting roughly 1.5% of its workforce.
The Walmart-backed company stated that the exits were linked to performance management cycle reviews. Before the layoff, the company had a workforce of 20,000 people.
According to the report, Flipkart stated that the departures were part of a standard evaluation framework used across the organisation.
“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,” the company said.
This comes weeks after Flipkart’s biggest competitor, Amazon, laid off about 500 employees in India.
