Flipkart lays off 300 employees: Major decision taken after annual review, learn the reason
E-commerce major Flipkart has laid off approximately 250 to 300 employees following its annual performance review, sources familiar with the matter said on Friday. These job cuts have been made across multiple departments and employee levels. However, the Walmart-funded company is continuing to make senior-level hires ahead of its proposed initial public offering (IPO).
Flipkart said in a statement that it regularly reviews its operations. The company added that a small percentage of employees may be leaving the organization as part of this process. The affected employees are being provided with necessary support. The company did not disclose the number of affected employees, but sources estimate the number to be between 250 and 300. These layoffs come as the company is restructuring its group to simplify its holding structure. Eight Singapore-based entities have been merged into Flipkart Internet Private Limited, in accordance with Indian regulatory requirements. This move marks a significant milestone in the company’s plans for a potential domestic listing.
What preparations are underway at the company ahead of the IPO?
In December 2025, the company received approval from the National Company Law Tribunal (NCLT) to shift its legal domicile from Singapore to India. This move marks a significant milestone in its plans for a potential domestic listing. The restructuring aims to simplify the group’s holding structure, encompassing its various businesses in fashion, healthcare, and logistics. Eight Singapore-based entities have been merged into Flipkart Internet Private Limited, in accordance with Indian regulatory requirements.
Flipkart has made several key appointments in the past few months. These include Somnath Das as Vice President of Supply Chain, Digvijay Mishra as Vice President of Corporate Communications, and Vipin Kapuria as Vice President of Business Finance. Yogita Shanbhag is the Vice President of HR, while Amar Hussain has been appointed Vice President of Supply Chain for the grocery and Myntra (instant commerce) businesses.
How is the company’s financial performance?
Flipkart India reported a wider consolidated loss of ₹5,189 crore in FY2024-25, up from a loss of ₹4,248.3 crore in the previous fiscal year. However, the company reported a 17.3% increase in consolidated revenue from operations to ₹82,787.3 crore in FY2024-25. This revenue is higher than ₹70,541.9 crore in FY2023-24. Total expenses increased 17.4% to ₹88,121.4 crore, primarily due to stock-in-trade purchases. Flipkart Group companies include Flipkart, Myntra, Flipkart Wholesale, Cleartrip, and Super.Money.
