Former Flipkart staff petition for ESOP buyback inclusion
In short
Former Flipkart group employees launched a petition on October 10. They want to be included in the planned $2 billion ESOP buyback, and the effort aims to bring together 20,000 to 30,000 former workers from Flipkart and group companies.
This matters to ex-employees who may want a share of the buyback. It is not stated whether Flipkart has agreed or changed the plan.
What the reporting says
Former Flipkart group employees launched a petition on October 10 seeking inclusion in the proposed $2 billion ESOP buyback, according to the publisher summary. The petition aims to gather 20,000 to 30,000 former employees from Flipkart and group companies including Myntra, Cleartrip, Shopsy, Super Money and ANS Commerce. It is not stated whether the company has responded or whether the petition will change the buyback terms.
Why it matters
Former Flipkart and group-company employees launched a petition on October 10 to seek inclusion in the planned $2 billion ESOP buyback. The effort targets 20,000 to 30,000 former staff across Flipkart, Myntra, Cleartrip, Shopsy, Super Money and ANS Commerce. The source does not say how Flipkart will respond or whether the buyback terms will change.