Flipkart has announced that it will not conduct mass layoffs during the current wave of job cuts. According to a Livemint report, Krishna Raghavan, chief people officer, Flipkart does not support the practice of hiring a large number of workers and then laying them off to reduce numbers.
Raghavan stated that Flipkart practices responsible hiring and does not hire in bulk, which eliminates the need for extreme measures like mass layoffs.
The Livemint report also mentioned that the decision not to give hikes to senior management at Flipkart will not affect jobs since a hike and promotion took place last year along with a stock option buyback plan.
Raghavan explained that as the company expands its business portfolio and grows in the marketplace, there is a tremendous opportunity and potential, and they will constantly revisit how they look at increments in the subsequent years. He also stated that Flipkart offers liquidation opportunities to its employees almost every year.
In terms of hiring, Flipkart has increased its internal job postings as compared to others in the industry.
Raghavan said that Flipkart’s internal talent mobility has doubled over the past two years, with an increasing number of positions being filled internally rather than externally.
This news from Flipkart stands in contrast to Amazon’s recent announcement of laying off 9,000 more employees after the conclusion of the second phase of its operating plan. In January, Amazon had laid off 18,000 employees, while IT giant Accenture also disclosed plans to lay off up to 19,000 employees.
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