Flipkart to freeze hikes of 30% workers including senior management amid no longer easy macroeconomic stipulations

Enterprise NewsNewsET TVFlipkart to freeze hikes of 30% workers including senior management amid no longer easy macroeconomic stipulations

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The cease 30% of workers at Flipkart, which comprises the senior management at the company won’t be handed out any increments this 365 days, the company acknowledged in an inside imprint to workers on Wednesday. “In the upcoming compensation planning cycle, we could maybe well be prioritising workers at Grade 9 and below, guaranteeing that we’re able to present 70% of all Flipkart workers a upward push of their compensation,” its chief folk officer Krishna Raghavan acknowledged in the e-mail.

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