Flipkart to freeze hikes of 30% staff including senior leadership amid tough macroeconomic conditions

The top 30% of employees at Flipkart, which includes the senior leadership at the company won’t be handed out any increments this year, the company said in an internal note to employees on Wednesday. “In the upcoming compensation planning cycle, we will be prioritising employees at Grade 9 and below, ensuring that we are able to provide 70% of all Flipkart employees an increase in their compensation,” its chief people officer Krishna Raghavan said in the email.