Flipkart may dismiss around 1,100 people and Swiggy may fire between 350-400
New Delhi: On-demand convenience platform Swiggy and Walmart-owned e-commerce firm Flipkart both may lay off a large number of employees.
Swiggy is expected to cut around 350-400 jobs across various verticals as part of preparations for its initial public offering. Whereas Flipkart may dismiss around 1,100 people on the grounds of poor performance, sources aware of the development said.
As Swiggy works to simplify structure and bring operational efficiencies, around 350 to 400 jobs are expected to be pruned, sources said. These will be across teams spanning technology, call centre and corporate roles, and the job cuts are expected to initiate gradually in the coming weeks. The development comes at a time when Swiggy is preparing for its IPO.
“Swiggy has been working on simplifying work processes and building operational efficiencies,” a person aware of the development said. Swiggy’s headcount is estimated to be around 6,000 at present.
On the other hand, Walmart group firm Flipkart conducts performance assessments of employees between January and February based on work done in the previous calendar year.
“About 5% of the total workforce may see exit after the performance development cycle for 2023 is over. The evaluation starts in January and will go for about a couple more weeks,” a source said.
According to another source, Flipkart has around 22,000 employees and as a result of performance evaluation around 1,100 people may exit from the company. An email query sent to Flipkart elicited no reply.
