Flipkart’s parent company Walmart to lay off top executives amidst mounting losses

The Indian arm of US-based physical retailer Walmart which has been reporting losses with an upward trend every year since 2017, has decided to lay off over 100 senior-level employees—two-thirds of top executives, local media Economic Times reported. At its townhall in Gurugram—the satellite city of New Delhi—the company announced laying off executives such as vice presidents across divisions including…
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