In dramatic townhall, Sachin Bansal admits he stepped down as CEO after Flipkart missed targets

In dramatic townhall, Sachin Bansal admits he stepped down as CEO after Flipkart missed targets

Flipkart. Photo: Hemant Mishra/Mint

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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