The cofounder of Flipkart, Sachin Bansal revealed a shocking reason behind his replacement. He said he was replaced as chief executive because of performance issue.
Notably, Bansal’s confession came at a monthly meeting on Friday that was heating up with the employees questioning why they had to pay for management decisions that gone wrong.
Sachin Bansal
Bansal’s confession immediately diffused tension and bought applaud and cheers for the kind of openness that has become rare in the cooperate world.
Some experts are seeing Bansal’s candidness as a strategic move that will Flipkart to win back the confidence of employee and will also boost their morale.
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