Flipkart layoffs 2026: Nearly 500 employees asked to leave after performance review, says report

Walmart-owned e-commerce giant Flipkart has asked around 400-500 employees to exit the company this year, based on its performance review, according to a report by the Economic Times.

The layoffs account for roughly 3-4% of Flipkart's total workforce, higher than the usual 1-2% of employees in the lowest performance bracket that the company typically lets go each year.

"Flipkart conducts regular performance reviews aligned with clearly defined expectations. As part of this process, a small percentage of employees may transition from the organisation. We are supporting affected employees with transition support," the company told Mint.

Flipkart focuses on senior-level hiring

The job cuts affect employees across different departments and job levels, and come even as Flipkart continues hiring senior-level employees ahead of its planned initial public offering (IPO), according to a news report by ANI.

In December 2025, Flipkart received approval from the National Company Law Tribunal (NCLT) to move its legal domicile from Singapore to India, an important step as the company plans for a potential domestic listing.

The move is aimed at simplifying the group's holding structure — its businesses across fashion, health, and logistics — and involved the merger of eight Singapore-based entities into Flipkart Internet Pvt Ltd to align with Indian regulatory requirements, the agency report said.

Meanwhile, Flipkart has also been adding more senior executives to its leadership team through a series of key appointments over the past months.

The recent hires include the appointment of the following executives:

— Somnath Das as VP, Supply Chain.

— Digbijay Mishra as VP, Corporate Communications.

— Vipin Kapooria as VP, Business Finance,

— Yogita Shanbhag as VP, Human Resources.

— Amer Hussain as VP, Supply Chain, for its grocery and minutes (quick commerce) businesses.

Flipkart's financial health

On the financial front, Flipkart India reported a wider consolidated loss of ₹5,189 crore in FY25, compared with ₹4,248.3 crore a year earlier, according to data from business intelligence platform Tofler.

The company, however, reported a 17.3% increase in consolidated revenue from operations at ₹82,787.3 crore in FY25, from ₹70,541.9 crore in the previous financial year.

Total expenses for the fiscal year rose 17.4% to ₹88,121.4 crore, driven primarily by stock-in-trade purchases, which reached ₹87,737.8 crore, compared to ₹74,271.2 crore a year ago.

(With agency inputs)