Flipkart gives 100% bonus to employees and merit-linked payouts

Amid a downturn in the technology sector, Flipkart is giving 100 per cent bonus to all employees and rolling out merit-linked payouts to eligible staff. The Walmart-owned e-commerce firm is getting up this initiative for most of the workforce of about 22,000.

“On behalf of the Management Team, I am pleased to announce that we have decided to keep the 2023 company multiplier at 100 per cent for all employees (including vice presidents and senior vice presidents). This is to recognise the quality of performance and effort by all of you,” said Flipkart Group Chief Executive Officer Kalyan Krishna­murthy in a letter addressed to the employees and a copy of which Business Standard has reviewed.