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Layoffs Are In Line With Industry Practices: Flipkart

Indian e-commerce giant Flipkart, which has asked around 400 of its 33,000-strong workforce to leave the company on grounds of non-performance, said the move was in line with industry practices.

Sanchit Vir Gogia, Chief Futurist, Founder and CEO of Greyhound Knowledge Group, told BusinessLine: “Start-ups in India or the Silicon Valley do not have the internal capability or expertise to execute mass layoffs. Even large blue-chip organisations continue to struggle with such mass layoffs.”

Source: The Hindu Business Line

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