Layoffs · Commerce & Consumer Brands

Flipkart cuts staff as it prepares for an initial public offering

By Startup Enthusiast · 6 March 2026

What they do

Flipkart is an Indian online marketplace owned by Walmart

The company laid off approximately 1.5% of its workforce, estimated to be around 20,000 employees, following its annual performance review cycle

This reduction occurs as Flipkart advances preliminary discussions for a potential IPO launch by late 2026 or early 2027

Flipkart has laid off between 300 and 500 employees after its annual performance review.
The company described the exits as part of a regular review cycle affecting a small percentage of staff, with the layoff affecting about 1.5% of its roughly 20,000 employees.
Transition support was provided to the departing employees during this process.
Flipkart is in preliminary discussions with banks including Goldman Sachs and Morgan Stanley for an IPO.
The potential IPO could launch by the end of 2026 or early 2027.
The domicile shift from Singapore to India received approval from the NCLT.
Flipkart sold its stake in Flying Machine and reduced holdings in Shadowfax via an IPO.
The company plans to expand its quick commerce arm, Flipkart Minutes, significantly in the coming year.

The layoffs coincide with strategic preparations for a major public listing event.
Financial results show revenue growth but also a significant net loss for the fiscal year.
The move back to India domiciliation supports regulatory requirements for the planned IPO.
Asset divestments indicate a focus on core operations and capital efficiency ahead of the listing.

Flipkart operates as a major e-commerce marketplace in India.
It is majority-owned by the US retail giant Walmart.
The company reported revenue of ₹20,493 Cr for the fiscal year ending March 2025.
Revenue grew by 14.4% compared to the previous fiscal year's ₹17,907 Cr.
The company posted a net loss of ₹1,494 Cr, which is a 37% decline from the prior year.
Flipkart Minutes aims to reach 1,000 dark stores by the first quarter of 2026.
Quick commerce services are currently operational in 30 Indian cities.
A standalone food delivery app is planned for launch by the end of 2026.
The workforce size is estimated at approximately 20,000 employees.