Ex-Flipkart CEO’s Clash Shows Indian Startup Trauma

  • India’s largest startups are starting to let people go
  • Job cuts point to belt-tightening as funding starts to fizzle

Sachin Bansal.

Photographer: Hemant Mishra /Mint via Getty Images

India’s largest online shopping service is heating up, and not in a good way. Flipkart’s regular Friday townhall grew tense after employees incensed by hundreds of job cuts openly accused management of betrayal. Taken aback, chairman Sachin Bansal countered that the departures stemmed from poor performance and he lost his job as chief executive for the same reason.

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