Flipkart CEO assures employees of no job cuts; MeitY to revamp IT Act

Flipkart CEO assures employees of no job cuts; MeitY to revamp IT Act
Flipkart's CEO, Kalyan Krishnamurthy  |  Photo Credit: Reuters
7 Apr, 2020

Kalyan Krishnamurthy, CEO of Walmart-owned ecommerce platform Flipkart, has assured the company’s employees that there will not be any job cuts or salary reduction due to the economic downturn created by the Covid-19 pandemic, The Mint reported. Krishnamurthy announced this during a virtual town hall, which saw the participation of over 8,000 employees of the company. He said Flipkart will honour offer letters and internships extended to potential employees. Krishnamurthy also said that the company is abiding by the rules laid down by the central government, during the 21-days lockdown in the country.

Read: Flipkart resumes delivery of essentials, after a temporary suspension of operations

MeitY to rejig IT Act

The Ministry of Electronics and Information Technology (MeitY) is looking out for ideas to rebuild the Information Technology (IT) Act, 2000, The Economic Times reported. The government has reached out to stakeholder ministries, including the ministry of home affairs and department of telecom for their inputs, the report said. The report revealed that following MeitY's demand, the department for promotion of industry and internal trade has written to industry bodies for feedback. Industry lobby group national association of software and service companies (Nasscom), the confederation of Indian industry (CII), federation of Indian chambers of commerce and industry (FICCI), and Assocham received an email from DPIIT last week, it added.

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MoMagicTechnologies appoints Soumya Ranjan Acharya as VP for revenue and growth

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