Flipkart Lays Off Up to 500 Employees Amid Annual Performance Review and IPO Preparations

Flipkart, owned by Walmart, has laid off between 250 and 500 employees, representing approximately 1.5 to 4 percent of its 20,000-strong workforce, following its annual performance review cycle. The company stated this is part of its regular performance management process, with affected employees receiving transition support. These workforce adjustments come amid Flipkart's preparations for a potential initial public offering in India, including shifting its legal domicile from Singapore to India and strengthening senior leadership. Financially, Flipkart reported revenue growth alongside narrowing losses in fiscal 2025, while continuing efforts to improve operational efficiency and profitability.