{"id":91946,"date":"2023-02-23T18:05:00","date_gmt":"2023-02-23T12:35:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=91946"},"modified":"2023-02-23T18:03:01","modified_gmt":"2023-02-23T12:33:01","slug":"biz-flipkart-2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-flipkart-2\/","title":{"rendered":"Flipkart tightens purse, no increment for top 30% employees"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3361978337\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>E-commerce major Flipkart has tightened its purse and will not be doling out any increment for top 30 per cent employees for January-December 2022 performance development cycle this fiscal, according to internal communication sent out to the employees.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3898174373\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The move impacts around 4,500 employees in the grade 10 and above.<\/p><p>Flipkart Chief People Officer Krishna Raghavan in an email informed employees about the decision.<\/p><p>&#8220;Given the current macroeconomic situation, we want to be prudent in managing our resources while keeping our employees&#8217; best interest in mind,&#8221; Raghavan said. A company employee, on condition of anonymity, said that given the current situation people will continue to have job security at Flipkart.<\/p><div class=\"trade-content_5\" id=\"trade-3963406523\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The employee said that the communication has been with respect to the performance development cycle of January 2022 to December 2022 for which the payout is generally made by March.<\/p><p>When contacted, Flipkart spokespersons said about 70 per cent of employee base will continue to get an increase in their compensation.<\/p><p>&#8220;Additionally, our stock option allocation and bonus exercise will continue as is for those who are eligible. We stay committed to enhancing value for all our employees through employee-centric policies, continued skilling and training programmes, regular promotion cycles, wealth creation for ESOP holders, and enhanced benefits, including medical insurance,&#8221; the spokesperson said. PTI PRS HVA<\/p><div class=\"trade-after-content\" id=\"trade-2880597860\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>E-commerce major Flipkart has tightened its purse and will not be doling out any increment for top 30 per cent employees for January-December 2022 performance development cycle this fiscal, according to internal communication sent out to the employees. The move impacts around 4,500 employees in the grade 10 and above. Flipkart Chief People Officer Krishna [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":15358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-91946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Flipkart tightens purse, no increment for top 30% employees - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"E-commerce major Flipkart has tightened its purse and will not be doling out any increment for top 30 per cent employees for January-December 2022 performance development cycle this fiscal, according to internal communication sent out to the employees.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-flipkart-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Flipkart tightens purse, no increment for top 30% employees\" \/>\n<meta property=\"og:description\" content=\"E-commerce major Flipkart has tightened its purse and will not be doling out any increment for top 30 per cent employees for January-December 2022 performance development cycle this fiscal, according to internal communication sent out to the employees.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/biz-flipkart-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-23T12:35:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Flipkart-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Flipkart-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/biz-flipkart-2\/\",\"url\":\"https:\/\/tradebrains.in\/features\/biz-flipkart-2\/\",\"name\":\"Flipkart tightens purse, no increment for top 30% employees - 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