Flipkart to slash Bengaluru office size by half to cut costs
Flipkart is reportedly negotiating a deal to reduce the space occupied by its Bengaluru office to about half its current size to cut costs. The company, which had agreed to lease two million square feet in 2015, will reportedly lease only about 9,00,000 square feet now. Flipkart's valuation was marked down to $5.5 billion by Fidelity Investments in January.