Flipkart Layoffs: Understanding the Annual Performance Review Process

Flipkart, an ecommerce company owned by Walmart, has implemented layoffs impacting roughly 300 employees as part of its yearly performance review. This information comes from sources familiar with the situation. The Economic Times was the first to report these layoffs, stating that they are a normal element of the company’s performance management practices. Employees who have been categorized in lower performance bands during this appraisal cycle are being asked to leave their positions.

The layoffs represent about 1.5% of Flipkart’s entire workforce, which is estimated to be around 20,000 individuals. Those affected come from various teams within the organisation. Flipkart has not provided any comments in response to inquiries from Startup Superb.

Flipkart’s Performance Review Process

Flipkart regularly conducts performance evaluations as part of its annual appraisal sequence. During this process, employees are assessed based on specific performance metrics and the expectations set by the organisation.

Recent Layoffs in 2024

Earlier in 2024, Flipkart also executed layoffs through a similar performance evaluation method. At that time, it was reported that around 1,000 employees were affected during the company’s annual appraisal procedure.