Do Flipkart fire employees?

Yes, Flipkart has the right to fire or lay off its employees Flexibility to scale the workforce up or down in such cases is how business survive in long run.

How many employees work for Flipkart?

Flipkart has over 16,000 full time employees and except for a few critical roles, most of them have been working from home, since March 2020, after the outbreak of the Covid19 pandemic.

Do start ups fire people?

Startups fire nearly 25 percent of their employees within the first year of the company’s existence, according to a recent survey from the US Bureau of Labor Statistics. This compares with the 6.6 percent of employees who are let go annually by larger, more established companies.

What is the salary of CEO of Flipkart?

CEO/MD/Director salary in Flipkart ranges between ₹ 360 Lakhs to ₹ 460 Lakhs.

Where is the company of Flipkart?

Flipkart is an Indian e-commerce company, headquartered in Bangalore, Karnataka, India, and incorporated in Singapore as a private limited company.

When Should I fire my co founder?

If your co-founder is not a member of your startup’s board of directors, you can fire them at any time. However, if your co-founder is a board member, then terminating them is much more complicated. First, your board will need to vote on your co-founder’s termination.

How many users does flipflipkart have?

Flipkart says it has amassed over 350 million registered users across its services — including fashion e-commerce Myntra — in the country.

How is Flipkart’s logistics arm Ekart doing?

“Flipkart’s logistics and supply chain arm, Ekart, employs more than 100,000 people and makes deliveries to more than 90\% of the addressable pin-codes in India, which, coupled with strategic warehouse infrastructure investments, is one of the group’s core strengths.

How much did Flipkart raise from its new fundraise?

As part of the new fundraise, Flipkart is also giving its employees the option to sell their stock options worth $80.5 million, Krishnamurthy told them on Monday. Flipkart had originally hit the market to raise money early this year and was initially looking to raise just about $1 billion, TechCrunch first reported.

How much did Flipkart raise in pre-IPO round?

Flipkart said on Monday it has raised $3.6 billion at a post-money valuation of $37.6 billion in what is widely believed to be the pre-IPO round for the Indian e-commerce conglomerate as it works to list in the public markets as soon as early next year.