Flipkart has decided to lay off under-performers only days after the news of the e-commerce major's takeover of rival company Jabong made headlines, according to NDTV. Reports suggested that around 1,000 employees will be sacked. In a statement the company confirmed the news, but they refrained from revealing definite figures.
Defending the move as common practice among internet companies, the website said, "Employees who do not meet the performance bar...are encouraged to seek opportunities outside the company where their skills can be better utilised."
On July 26, Flipkart-owned Myntra said that it has acquired rival company Jabong from Global Fashion Group. Speaking about the development, Flipkart's co-founder Binny Bansal said, "Fashion and lifestyle is one of the biggest drivers of e-commerce growth in India. We have always believed in the fashion and lifestyle segment and Myntra's strong performance has reinforced this faith."