Flipkart lays off 700-1000 employees: Report
Flipkart has reportedly asked 700-1000 of its underperforming employees, who represent 2.3-3.3% of the total workforce, to either resign or leave the company with severance pay. Flipkart in a statement said that the employees who don't progress despite being put on a performance improvement plan, are encouraged to seek opportunities outside the company where their skills can be better utilised.