Flipkart plans to fire nearly 1,500 employees

Flipkart, the e-commerce giant owned by Walmart, is reportedly set to reduce its workforce by 5% to 7%. This is likely to impact approximately 1,500 employees. The process has already begun with performance reviews and is expected to be completed by March-April 2024, as per various media reports. This decision comes as Flipkart aims to optimize resources and maintain profitability.