Kotak Mahindra Capital

Company

Last mentioned: Mar 7, 2026

Timeline

  1. IPO Target Window

    Anticipated timeframe for Flipkart's potential public listing in India.

  2. Performance Review Cycle

    Flipkart begins annual appraisals leading to workforce reductions.

  3. Layoff Reports

    Initial reports suggest 300-500 employees are exiting the company.

  4. Walmart Acquisition

    Walmart acquires a 77% stake in Flipkart for $16 billion.

Stories mentioning Kotak Mahindra Capital 1

market-trends Bearish

Flipkart Trims Workforce as IPO Preparations Intensify

Flipkart has initiated a workforce reduction of 300 to 500 employees following its annual performance review cycle. This move, representing roughly 3-4% of its staff, signals a tightening of internal operations as the Walmart-owned e-commerce giant moves closer to a potential Indian stock market listing.

2 sources