Indian e-commerce giant Flipkart, which has asked around 400 of its 33,000-strong workforce to leave the company on grounds of non-performance, said the move was in line with industry practices.
Sanchit Vir Gogia, Chief Futurist, Founder and CEO of Greyhound Knowledge Group, told BusinessLine: “Start-ups in India or the Silicon Valley do not have the internal capability or expertise to execute mass layoffs. Even large blue-chip organisations continue to struggle with such mass layoffs.”
Source: The Hindu Business Line