E-commerce major Flipkart has IIM-Ahmedabad that students who were promised jobs starting June cannot begin work till December due to ongoing restructuring exercise in the company.
A report by NDTV said that the Flipkart informed about their decision in a email to India’s top business school on Wednesday.
The email said, “This was a difficult decision for us to arrive at and we feel the disappointment of students. At the same time, it is important for us to land our campus hires into Flipkart at the right time and into meaningful roles which gives them opportunity to learn and grow.”
Flipkart’s email was in response to a mail from the IIM-Ahmedabad earlier this week to company’s top boss Binny Bansal, asking that the company honour its commitment and start paying the students it has recruited from June.
IIM-Ahmedabad, the report added, had argued that the students had loans to pay.
Flipkart though rejected IIM-Ahmedabad’s argument, but promised that the students will get a Rs. 1.5 lakh bonus when they do start work.
“You would agree that this is not the first time that campuses have faced such a situation. We all live in a dynamic and evolving business environment that is changing rapidly,” the company said to the business school.
E-commerce companies Flipkart along with rivals Snapdeal and Amazon have been mounting losses due to fierce competitions in e-retail sector.