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Ecommerce platform Flipkart has let go of four senior level executives as part of its annual lay-off plan, according to media reports. 

According to a report by The Economic Times, four Senior Vice President (SVP) level executives are being let go as part of the reshuffle. The list of the departing senior executives includes Ayyapan R, CEO at Cleartrip and SVP at Flipkart, Amitesh Jha, SVP Category and Marketplace, Bharath Ram, SVP Growth and Retention and Dheeraj A, SVP Fintech and Payments. The company’s Chief People Officer, Krishna Raghavan exited Flipkart in january, 2024. 

In May 2023, the company saw the departure of Adarsh Menon, Senior Vice President and Head of New Businesses Shopsy, ReCommerce and Cleartrip, along with Chanakya Gupta, Vice president, Strategic partnerships and D2C brand Accelerator and Ravish Sinha, Senior Vice President, Supply Chain, Product and Technology.

The report said that it was the first time that the annual lay-offs had impacted senior executives. The company’s annual performance-based restructuring is expected to impact a total of 1000 employees, roughly about 5% to 7% of the total staff. 

Specific queries sent to Flipkart did not elicit a response till the time of publishing the article. 

In January, Flipkart CEO Kalyan Krishnamurthy had announced that the company was looking at improving efficiency within the company in a townhall meeting. He added that the company was going to focus on grocery as a vertical, hotel booking under its travel platform Cleartrip and launching its UPI feature which is currently live with a closed group.