Flipkart, one of India’s leading online marketplace, is finding it hard to run its business smoothly as the competition is getting more fierce. The company is again doing rounds in media as the rumours of it planning to lay off 800 employees are getting stronger. According to a report published in a renowned daily, after sacking 400 "under-performing" employees in July, the country's top etailer Flipkart is learnt to be in the process of letting go of 800 more employees.
The report further stated that the online platform is on the move of ‘out-placing’ the major chunk of these employees, while leaving the rest of the lot to scout for job on their own. The top-level sources, who are involved in finalising the second round of lay off, told that the decision of initiating the second round of discharge was taken soon after the first lot of employees was released from their jobs. However, this time around, Flipkart will handle it in a phased manner; the process has been initiated and will end by December.
But the company has not taken any official stand on the aforementioned information and event its spokesperson has denied to comment anything on it, when contacted by media. The move clearly suggests that the company wants to maintain its lead in the market and its chief executive; Binny Bansal doesnt wants to leave any stone unturned which could compel the company to lose its title of India’s most valuable startup.