Flipkart Wholesale plans restructure to reduce costs, increase investments
Flipkart’s business-to-business arm Flipkart Wholesale plans to restructure its business, in order to reduce costs and increase investments, in a move it believes will also give employees greater development opportunities.
As part of Flipkart Wholesale’s restructuring plan, its employees will subsequently work in the main Flipkart business with their respective teams there, the business announced on January 17, the Economic Times reported. This will give the employees wider career development opportunities, according to the business. However, employees in the Flipkart Wholesale’s core merchandising and operations units will remain exclusively at Flipkart Wholesale.
“Through this decision, we are sharpening our commitment to business growth by focusing on core business areas and leveraging the capabilities of our central resources,” said Flipkart Wholesale’s senior vice president and head Adarsh Menon, ET Tech reported.
“At the same time, we are committed to providing sustainable career paths for our employees. With this development, Flipkart Wholesale employees will transition to Flipkart into new roles and responsibilities at the group level.”
Flipkart Wholesale’s main operations are supplying kirana stores across India with fast-moving consumer goods. The business took over parent company Walmart’s Walmart India Best Price cash-and-carry wholesale business in July 2020. Flipkart Wholesale then launched its e-commerce store the following month. The business also has a dedicated fashion category and general merchandise category, which includes homeware, sports goods, and luggage, among other products.
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