Flipkart may trim rolls by up to 7% in yearly refocus

Walmart-owned Flipkart has begun a workforce reduction exercise that could see its total team size decrease by 5-7%, according to people in the know. This will be completed by March-April as part of performance reviews being conducted currently, they said.

Flipkart has been implementing these performance-based job reductions annually for the past two years. It has also frozen fresh hiring in the past year to control costs, these people said. Currently, the firm is closing $1-billion financing from Walmart and others, first reported by ET on December 21.