Myntra

Bengaluru, India

Myntra is a leading fashion e-commerce company in India, known for its extensive selection of clothing and accessories. It offers a wide variety of fashion products, including clothing, footwear, accessories, and lifestyle items to cater to diverse customer needs.

CCI Score

-39.25

0.02% April 18

Latest Event

Myntra Restructuring Leads to 50 Employee Layoffs

Myntra announced a restructuring plan that resulted in the layoff of approximately 50 employees across various divisions, although some of those affected may be offered alternative positions within the Flipkart Group. The decision was part of an effort to adapt to new customer needs and technological innovations, and it comes amid increasing competition in the fashion e-commerce sector.

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TOADIE

Myntra is currently rated as a Toadie.

-30 to -44 CCI Score

Companies scoring in this range actively seek to please authoritarian regimes. They offer proactive support and assistance in exchange for preferential treatment, compromising ethical standards for business gains and political favor.

Latest Events

JUL

27

2023

Myntra Restructuring Leads to 50 Employee Layoffs
-33.64

Myntra announced a restructuring plan that resulted in the layoff of approximately 50 employees across various divisions, although some of those affected may be offered alternative positions within the Flipkart Group. The decision was part of an effort to adapt to new customer needs and technological innovations, and it comes amid increasing competition in the fashion e-commerce sector.
-40

Labor Relations and Human Rights Practices

March 29

The decision to lay off 50 employees as part of a restructuring process negatively impacts labor relations and worker security. Although the company mentioned the possibility of reassigning some employees within the Flipkart Group, the layoffs raise concerns about the commitment to fair labor practices and the protection of workers’ rights.

Myntra fires 50 employees across divisions as part of restructuring process
JUL

27

2023

Myntra Restructuring and Job Cuts
-50.47

Myntra announced a restructuring exercise aimed at streamlining its operations by shifting focus to a select set of private labels. This strategic move includes a planned layoff of approximately 50 employees in its in-house brands vertical, though some affected workers may be offered alternative positions within the broader Flipkart Group.
-60

Labor Relations and Human Rights Practices

March 29

The restructuring involves significant job cuts which adversely affect workers' rights and livelihoods. Although there is a mitigating factor with the possibility of internal job offers, the decision negatively impacts labor relations by destabilizing employment for a notable number of employees. From an anti-fascist perspective that emphasizes protecting worker rights, this move is seen as a negative business practice.

Myntra Announces Restructuring: To Cut 50 Jobs Amid Shift in Focus to Private Labels Strategy
JUL

26

2023

Restructuring Layoffs Impacting Workers
-33.64

Myntra, the fashion e-commerce firm owned by Flipkart, announced an internal restructuring leading to the layoff of approximately 50 employees. Although the company mentioned the possibility of alternative positions, the layoffs have raised concerns regarding the treatment of workers and overall labor relations.
-40

Labor Relations and Human Rights Practices

March 29

The restructuring that resulted in laying off around 50 employees negatively impacts labor rights. Despite offering opportunities for alternative positions, the decision underscores cost-cutting measures that compromise fair labor practices and worker security, a concern from an anti-fascist and pro-worker perspective.

Myntra to lay off around 50 employees as part of restructuring