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 driven by what’s right for our people. Given the current macroeconomic situation, we want to be prudent in managing our resources while keeping our employees’ best interests in mind,” said Krishna Raghavan, chief people officer, in a letter addressed to employe
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