Business Standard

No increments for Flipkart's 4,500 senior personnel this cycle

However, 70 per cent, or 10,500 employees, below the level of a manager, will receive an increment this cycle

Flipkart
Premium

A Common myna sits next to the logo of India's e-commerce firm Flipkart installed on the company's office in Bengaluru | Photo: Reuters

Peerzada Abrar Bengaluru
Flipkart will not be handing out increments to its senior leadership in the Grade 10 and above category — that includes roles as diverse as managers to vice-presidents — in a ‘difficult decision’ that is likely to impact 4,500 personnel.

The company is purportedly trying to conserve cash and focus on profitability, said people familiar with the strategy of India’s largest e-commerce player. With hiring on the go-slow, the company isn’t persuading employees who wish to move to greener pastures to stay back either, they said.

“At Flipkart, we have always attempted to balance employee and organisation priorities, with our actions being

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 23 2023 | 6:15 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com