Walmart-owned e-commerce giant Flipkart has asked around 400-500 employees to exit the company this year, based on its performance review.The layoffs account for roughly 3-4% of Flipkart’s total workforce, higher than the usual 1-2% of employees in the lowest performance bracket that the company typically lets go each year.The job cuts affect employees across different departments and job levels, and come even as Flipkart continues hiring senior-level employees ahead of its planned initial public offering (IPO).The move is aimed at simplifying the group’s holding structure — its businesses across fashion, health, and logistics  and involved the merger of eight Singapore-based entities into Flipkart Internet Pvt Ltd to align with Indian regulatory requirements. Should employment be optional ?

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