Krishna Raghavan, Flipkart's chief people officer, has quit after more than a decade with the e-commerce business. A senior official at the organization confirmed Raghavan's decision to leave after a "long tenure" with the company. Another company executive told Mint that the corporation will soon make a decision on who would take over as HR director.
Raghavan has been Flipkart's chief people officer since 2020, and before that he was the senior vice president of engineering, fulfillment, and services. Between 2012 to 2016, the Denison University alumnus worked for the e-commerce startup before joining Cleartrip as its chief technology officer. After a 10-month absence, Raghavan returned to Flipkart in 2017. His departure coincides with the annual seasonal sales of internet behemoths Flipkart and Amazon.
Flipkart launched a $700 million employee stock option (ESOP) buyback programme in November. The e-commerce company, which employs over 15,000 people, stated that the decision not to provide senior management pay raises will not result in exits because there was a boost and promotion cycle last year, followed by a stock option buyback plan.
Since there have been adequate awards, merit-based raises, and wealth creation chances for its workers, according to the company, it has also decided to grant raises to roughly 4,000 top managers in order to achieve pay parity. Furthermore, the company does not expect this to affect attrition rates.