Fashion ecommerce giant Myntra to let go 50 employees as part of restructuring

Flipkart-owned fashion ecommerce giant Myntra has joined the layoffs season as the company is preparing to eliminate approximately 50 employees as part of restructuring move. 

According to multiple media reports, the layoffs would affect various departments, with private label business would be affected the most.

“In our endeavor to cater to the ever-evolving needs of our customers, new developments, and technology innovations, we recalibrate our business priorities and review our organizational structure from time to time. As part of this business-as-usual recalibration, wherever a small number of roles may be impacted, we offer our employees an opportunity to alternate positions, where available, within the organization as well as Group companies,” the Myntra spokesperson said.

According to an ET report, which first reported the development, Myntra will prioritize key brands such as Roadster, HRX, and Mast and Harbour, channeling its efforts into their growth and development.

It's worth mentioning that there are chances that the laid off employees will be given job in Flipkart-owned companies, thereby reducing the number of affected employees by the layoffs.

Some of the notable brands that comes under Flipkart include Flipkart Health+ and Flipkart Wholesale.

The development comes amid Myntra looks to achieve profitability and because of this, the marketplace had even started levying a convenience fee of Rs 10 on every order placed on the platform.

Recently, It launched MyFashionGPT to help users discover outfits through conversations.

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