Flipkart, India's largest e-commerce platform (owned by Walmart), is cutting 500 positions in a broad restructuring. The cuts come as Flipkart prepares for a potential IPO and faces intensifying competition from Amazon India and Reliance's JioMart.
E-commerce in India has been a growth story for a decade, but 2026 is proving that growth does not equal profitability. Flipkart's cuts are about demonstrating to potential public market investors that the company can operate lean. Walmart's patience with Flipkart's losses has limits, and the IPO timeline creates pressure to show improving margins.