Flipkart may layoff 1,000 employes post performance reviews

E-commerce major Flipkart is likely to let go of 1,000 employees, or nearly 5% of its workforce, as a part of its performance-based appraisal cycle which is expected by the end of March.

“The numbers are currently speculative as appraisals are going on. Based on the performance of teams and categories, some people might be asked to leave. Employees were informed of the same in a townhall held internally on Thursday,” company sources said.