Senior executives at startup companies are going back to established companies. According to the recent survey several CXOs from ecommerce and startups are on their way back to large MNCs and established Indian conglomerates.
Senior leaders across the companies like Flipkart, Jabong, Housing.com, Ola and others are moving back to established companies due to the lack of innovation opportunities, culture misfit and roles becoming redundant. According to the sources many ecommerce companies like Flipkart, Snapdeal are top-heavy and looking at high cost individuals working with them trying to force exits.
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