Flipkart lets go of 300 employees as part of annual performance review

Flipkart lets go of 300 employees as part of annual performance review

• Flipkart lets go of 300 employees in annual performance review.
• Layoffs impact 1.5 percent of Flipkart's 20,000 workforce.
• Flipkart plans IPO for late 2026 or early 2027.

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Walmart-owned e-commerce major Flipkart has let go of around 300 employees as part of its annual performance review cycle, according to people familiar with the development.

The latest round of exits impacts roughly 1.5 percent of Flipkart’s workforce. The company currently has around 20,000 employees across its businesses.

The development is part of Flipkart’s yearly performance management process, under which employees who fall in the lower performance bands are typically asked to exit the organisation. The company has undertaken similar exercises periodically over the past few years.

"Flipkart conducts regular performance reviews aligned with clearly defined expectations. As part of this process, a small percentage of employees may transition from the organisation. We are supporting affected employees with transition support," said a Flipkart spokesperson.

Flipkart had undertaken a similar exercise in early 2024 as part of its annual performance review cycle, when the company let go of around 1,000 employees, or roughly 5 percent of its workforce.

Like several large internet companies, Flipkart has in recent years been focused on improving operational efficiency and cost discipline as the broader startup ecosystem navigated a period of funding slowdown and a sharper focus on profitability.

The development also comes as Flipkart steps up preparations for an eventual public listing in India. The company has initiated early discussions with select investment banks including Goldman Sachs, Morgan Stanley, JP Morgan and Kotak Mahindra Capital to explore the feasibility of a proposed IPO, though the process remains at an early stage, Moneycontrol reported earlier.

Industry sources had previously told Moneycontrol that the e-commerce major could target a listing by late 2026 or early 2027, although the final timeline and size of the offering are yet to be determined.

In December, Flipkart also received approval from the National Company Law Tribunal (NCLT) to shift its holding company domicile from Singapore back to India, clearing a key regulatory hurdle in its preparations for a potential domestic listing.

The move is part of a broader restructuring aimed at aligning the company’s corporate structure with its largely India-focused operations and simplifying the group structure ahead of a public market debut.

Flipkart, controlled by US retail giant Walmart, remains one of India’s largest e-commerce platforms and competes primarily with Amazon in the country’s online retail market.