flipkartReacting to media reports that it is set to lay off 700-1000 employees for poor performance, leading e-tailer FlipKart on Friday denied any such move.

“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.

Team Bizztor
Bizztor is a Media Platform focused on Educating, Connecting and promoting startups.
Our vision is to help early-stage startups and be a part of their growth. we believe that startups have the potentials to create solutions for community problems and we see ourself as helping hand to such entrepreneurs.