Flipkart Layoffs and India IPO Preparations

Walmart===Flipkart, an e-commerce company owned by Walmart, has laid off approximately 300 employees as part of its annual performance review cycle. This move, representing about 1.5% of its 20,000-strong workforce, is part of a broader strategy to enhance operational efficiency and cost discipline, a trend observed across many internet companies. This is not the first such exercise, as Walmart===Flipkart had a similar round of layoffs affecting around 1,000 employees in early 2024. Concurrently, Walmart===Flipkart is actively preparing for a potential public listing in India, with discussions underway with investment banks such as Goldman Sachs, Morgan Stanley, JPMorgan Chase, and Kotak Mahindra Bank===Kotak Mahindra Capital Company. A key step in this preparation was the approval from the India===National Company Law Tribunal to shift Walmart===Flipkart's holding company domicile from Singapore to India, simplifying its corporate structure for a domestic IPO targeted for late 2026 or early 2027. The company is also adjusting seller fees amid competition from Amazon and Meesho.