Walmart Inc, which controls the world's largest retail company and domestic e-commerce giant Flipkart, has laid off 50 top executives associated with its Indian business. The same company has taken this step with the goal of restructuring at the top level in India. Apart from this, three sources aware of this have given this information to Reuters. Sources said that there has been a layoff of executives mainly from the company's real estate division as the company's wholesale model has not been developed in a very concrete way.

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Reuters have shifted focus to e-commerce instead of physical stores and that is why this decision has been taken.' As of now, there is no answer to the question asked by Walmart so far. It is noteworthy that Walmart Inc has high expectations from India's e-commerce market and keeping this in mind, it acquired a majority stake in Flipkart in 2018 for $ 16 billion. It is one of the largest global acquisitions.

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Another source informed that Walmart may slow down the pace of opening new wholesale stores as its focus is on boosting sales through business to business and retail e-commerce. Given. On this Monday too, some officers can also be removed from the post. A source said that Walmart has 5,300 employees across the country. Around 600 work at the company's headquarters.

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