logo image

Deferred by Flipkart, These IIM-Graduates Could Find Solace With Paytm, Amazon and Other Startups

Students, whose placements have been deferred by Indian unicorn Flipkart, could be recruited by other e-commerce giants. According to a report by a leading Paytm and U.S. retail giant Amazon are keen on hiring the graduates who were earlier offered jobs by Flipkart, but were later asked to wait.

Amazon’s HR head told the English daily that the company is open to hiring those students as it also continues to have its own hiring process on schedule.

Flipkart, which has been one of the favourite recruiters at ivy-league colleges in India, had announced a compensation of 1.5 lakh for every deferred placement. The institute felt it was too little for a six-month delay...

Need essay sample on "Deferred by Flipkart, These IIM-Graduates Could Find Solace With Paytm, Amazon and Other Startups"? We will write a custom essay sample specifically for you for only $13.90/page

... in on boarding.

Startups have been approaching the institute on the lookout to hire those who have already been screened and filtered by Flipkart. It would be a matter of concern if Flipkart’s rivals and smaller peers will be able to match the pay and job-profiles offered by the unicorn.

Professor Asha Kaul of IIM Ahmedabad said that there are ongoing talks with startups regarding their placements, but declined to give out names as nothing has been officially materialized as of now.

“There were 18 students and the jobs offered by Flipkart were good positions that matched the expectations of the students,” Kaul said.

Markdowns, job cuts and more

The deferring of placements by the Indian unicorn came along with a second mark down in its valuation by Morgan Stanley last week, leaving the industry with speculations about the company losing its sheen to rival Amazon.  According to Fazal Ahad, Director at Merisis Advisors, the markdowns, which is regularly practiced by mutual fund investors, could hint at increasing competition from U.S. retail giant Amazon and subdued funding scenario.

The e-commerce space has been bitten by a string of markdowns and funding down rounds.  Rival is also looking to slash a couple of hundred jobs by putting their employees of the company’s “performance improvement plan,” thereby forcing them to quit.

 

Read full document

Can’t wait to take that assignment burden offyour shoulders?

Let us know what it is and we will show you how it can be done!
×
Sorry, but copying text is forbidden on this website. If you need this or any other sample, please register
Signup & Access Essays

Already on Businessays? Login here

No, thanks. I prefer suffering on my own
Sorry, but copying text is forbidden on this website. If you need this or any other sample register now and get a free access to all papers, carefully proofread and edited by our experts.
Sign in / Sign up
No, thanks. I prefer suffering on my own
Not quite the topic you need?
We would be happy to write it
Join and witness the magic
Service Open At All Times
|
Complete Buyer Protection
|
Plagiarism-Free Writing

Emily from Businessays

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out https://goo.gl/chNgQy