Any news on who is getting it, what's like an average payout for eligible employees? As per the news article, approx 19000 employees are getting it. Anyone has insider info?
Joined in 2019 - entry level role. stayed for a year. Got around 40k payout now
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Lots of people seem confused how this payout works due to PhonePe and Flipkart Group (including Flipkart, Cleartrip, Myntra, etc),
Adding detailed context on this payout works below:
In simple terms:
Employees @Flipkart are set to receive a one-time cash payout from a $700 Mn employee stock option plan (ESOP) buyback.
Who made how much? This is some good news given the layoffs and the funding winter. If someone can share; ESOPs vested, role at the company , YOE and how much they made, would motivate others to believe in the long term.
read phone pe stock is getting liquidated. https://thearcweb.com/article/phonepe-flipkart-esops-walmart-kalyan-krishnamurthy-e6SG1DIckJY5QYZz
how much did you make?
Where did you work and how much money did you make?
Asking as it looks like a lot of promise of ESOPs and wealth creation has failed employees in this bloodbath slow growth, layoffs, and job changes.
I have had ESOPS in 2 companies #1 - company got acquired ..I got 45 Lacs IN ESOP ...thats 1.5X of my last annualize...
does anyone know if flipkart give esops or RSUs to their employees?
in esops you have to pay money to get them after vesting whereas RSUs are given directly upon vesting without you paying money
