Flipkart ex-staff push for Esop buyout; Wipro, Tech Mahindra’s Q2 report
Happy Friday! Former Flipkart employees are asking Walmart to cash out their vested stock options. This and more in today’s ETtech Morning Dispatch.
Former Flipkart staff members are urging Walmart to cash out their vested stock options instead of waiting for the company's proposed IPO, as they demand a more immediate exit strategy. In a recent email to Walmart's board, these ex-employees highlighted the uncertainty surrounding the IPO timeline and the need for a more reasonable timeframe to encash their vested options.
They argued that they should receive terms similar to those offered to current employees, especially since the company has extended liquidity to other stakeholders. The campaign has expanded beyond the original group, with thousands of former employees signing a petition requesting inclusion in a proposed $2 billion Esop buyback.
They urge Walmart to consult with their representatives before making decisions on the terms of the proposed buyback.
Written by urgent.news from Economic Times Tech's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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