This statement from Flipkart has come at a time when Amazon has recently decided to lay off 9,000 more employees after the completion of the second phase of its operational plan.
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While on one hand companies like Amazon and Accenture are engaged in mass-layoff, on the other hand the country’s biggest e-commerce company has set a big example in front of the whole world. Yes, Walmart-backed Flipkart has flatly refused to do mass layoff. Speaking to Livemint, the company’s Chief People Officer Krishna Raghavan said that the company has no intention of laying off employees as it does not believe in bulk hiring and then reducing the workforce.
no question of retrenchment
Company’s CPO Krishna Raghavan said that we do recruitment with utmost responsibility. Therefore, there is no question of massive layoffs in Flipkart. He said that we do not hire thousands of people in bulk. After that, they resort to other tactics to get them out. It has been further said in the report that Flipkart is not going to hike in its senior management. Also, it is not going to affect anyone’s job. The reason for this is that last year there was a hike and promotion with the stock options buyback scheme.
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What did the CPO say on the salary hike
Talking about the salary hike, Raghavan said that as we expand our business portfolio and grow further in the market, good opportunities will arise for us. We will constantly re-think about how and how many hikes can be done in the years to come. We have liquidation opportunities, which we give to our employees almost every year. In terms of hiring, the company has increased its internal job postings.
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Mass lay-offs at Amazon and Accenture
This statement from Flipkart has come at a time when Amazon has recently decided to lay off 9,000 more employees after the completion of the second phase of its operational plan. Earlier in January, the company had laid off 18,000 employees in January. Apart from this, Accenture, one of the world’s largest IT company, has also announced the removal of 19,000 employees.