News: Flipkart CEO assures employees, says no to pay cuts

Employee Relations

Flipkart CEO assures employees, says no to pay cuts

Flipkart Chief Kalyan Krishnamurthy assured that Flipkart is safe and financially healthy and there is no cause to worry.
Flipkart CEO assures employees, says no to pay cuts

Walmart-owned ecommerce firm Flipkart has assured employees that there will be no pay cuts and all job offers, including internships, will be honored by the firm.

The announcement was made in a virtual town hall, wherein Flipkart Chief Kalyan Krishnamurthy assured over 6,000 employees that Flipkart is in a “financially healthy” state.

As per reports, the CEO assured that Flipkart is safe and financially healthy and there is no cause to worry. And the key priority is to keep all employees safe.

On the impact of Covid-19 on businesses, Krishnamurthy said that this is the right time to scale partnerships with offline and kirana stores and work together to serve communities. He added that employees should expect the category mix between online and offline to change, with online likely to go up. 

The assurance from Flipkart is a ray of hope among bleak times where many organizations have announced layoffs and salary cuts. Even Flipkart has seen business take a hit on account of the Covid-19 outbreak. While its top-selling categories such as smartphones, electronics and large appliances became unavailable, its grocery platform Supermart is taking orders.

Interestingly, amidst the COVID-19 lockdown, the online grocers and pharmacies BigBasket, MedLife, Grofers and Starquik have also upped their hiring game to fulfill deliveries of essential items as the demand has seen an unprecedented spike. While Grofers is looking to hire an existing idle semi-skilled workforce and BigBasket is looking to offer jobs to those laid off due to the Covid-19 lockdown. Amidst the news of job cuts and pay cuts during the crisis, this is a positive development highlighting how some of the job losses could be redeemed by job creation in the online delivery sector.

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Topics: Employee Relations, #COVID-19

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