“Flipkart denies all allegations of a lay-off,” a company spokesperson said in a statement.
Earlier, media reports said that under-performing employees 700-1000 in number — will be given the option to resign or hand over the pink slip.
“At times, we have employees who do not meet the performance bar. In those situations, we work closely with employees to enable them improve their performance. In due course, if these employees are unable to make the desired progress, they are encouraged to seek opportunities outside the company where their skills can be better utilised,” the spokesperson added.
“As a performance-oriented organisation, we follow a transparent evaluation process,” the statement said.
This week, Flipkart-owned Myntra announced acquiring e-store Jabong from its London-based owners Global Fashion Group (GFG) for $70 million (Rs 471 crore) to consolidate its position in the fashion and lifestyle segment both operate in.