Walmart-Owned Flipkart Cuts Up to 500 Jobs in Annual Performance Review

Flipkart has cut hundreds of jobs through its annual performance review cycle, with reported figures ranging from 250 to 500 employees depending on the source, as the Walmart-owned e-commerce company tightens operations and advances preparations for a domestic stock listing.

People familiar with the matter told Moneycontrol and Storyboard18 that around 300 employees were asked to leave, representing roughly 1.5% of Flipkart's approximately 20,000-person workforce. Business Standard, citing its own sources, put the number at 250 to 300 and characterized it as roughly 2% of the workforce, in line with the company's typical annual attrition through performance management. The Economic Times, cited by News18, reported a larger figure of 400 to 500 employees, which would represent 3 to 4% of the workforce and would exceed Flipkart's stated norm of parting with 1 to 2% of staff annually through such reviews. Flipkart did not provide a specific headcount figure in its public response.

"Flipkart conducts regular performance reviews aligned with clearly defined expectations. As part of this process, a small percentage of employees may transition from the organisation. We are supporting affected employees with transition support," the company said in response to a query from Business Standard.

The exits span multiple departments and job levels, though no source identified which business units or geographies absorbed the bulk of the cuts. The company has conducted similar reviews periodically in recent years. In early 2024, Flipkart asked around 1,000 employees, nearly 5% of its workforce at the time, to leave in a single annual review cycle, a significantly larger reduction than the current round.

The timing coincides with a broader push at Flipkart to streamline costs and build out governance ahead of a potential initial public offering in India. In December, the National Company Law Tribunal approved Flipkart's application to move its holding company domicile from Singapore back to India, clearing a regulatory hurdle tied to the restructuring needed for a domestic listing. The company has also been adding senior leadership: Jason Chappel joined as vice president and group controller, Amer Hussain was appointed vice president of supply chain for grocery and Flipkart Minutes, and Jane Duke was named chief ethics and compliance officer for the Flipkart group.

Financially, the company has been making progress. Flipkart Internet, the marketplace arm, reported revenue of ₹20,493 crore in fiscal 2025, a 14% increase year over year, while net losses narrowed 37% to ₹1,494 crore.

The combination of performance-driven cuts at the staff level and aggressive senior hiring reflects a pattern seen at other large Indian internet companies navigating a funding environment that increasingly rewards profitability over growth. For Flipkart, which competes primarily with Amazon for dominance in India's online retail market, the pressure to demonstrate leaner operations before any IPO filing sharpens the stakes of each annual review cycle.