Myntra Implements Workforce Reduction During Restructuring Process
- ByStartupStory | July 27, 2023
Fashion e-commerce platform Myntra, owned by the Flipkart Group, has undertaken an organizational restructuring that will result in the trimming of nearly 50 employees, as reported in the media. This move is part of the company’s “business-as-usual recalibration” to adapt to evolving customer needs and technology innovations.
The layoffs are expected to impact employees across various verticals and roles within Myntra. However, the company has assured that some affected employees will be offered opportunities to transition to other teams within the group companies. This recalibration primarily affects Myntra’s private label business, which includes popular brands such as HRX and Roadster, among others.
“In our endeavour to cater to the ever-evolving needs of our customers, new developments and technology innovations, we calibrate our business priorities and review our organisational structure from time to time. As part of this business-as-usual recalibration, wherever a small number of roles may be impacted, we offer our employees an opportunity to alternate positions, where available, within the organisation as well as Group companies,” stated a Myntra spokesperson in response to specific queries.
The organizational restructuring extends to the group companies as well, which include Cleartrip, Flipkart Health+, and Flipkart Wholesale, besides Flipkart and Myntra. The combined employee count across these verticals is approximately 15,000.
Myntra’s decision to undertake workforce trimming is aimed at aligning its business priorities with the ever-changing market demands, technological advancements, and customer expectations. The company remains committed to providing a seamless and exceptional shopping experience to its vast customer base.
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