Myntra’s chief executive officer (CEO) Ananth Narayanan has resigned and his position set to be abolished, and Flipkart executive Amar Nagaram has been tasked with heading Myntra, the Mint newspaper reported, citing three unnamed people.
Myntra leaders such as chief revenue officer Mithun Sundar and human resources head Manpreet Ratia, who also oversaw operations, supply chain and customer experience at Myntra, have also resigned, the report said.
The report said about 150-200 people have already been laid off across Myntra and Jabong and another fresh round of layoffs is expected over the coming weeks.
Jabong is an online fashion retailer that Flipkart acquired through Myntra in 2016.
The newspaper said it could not immediately ascertain the number of layoffs that will take place across Myntra and Jabong. It is still unclear whether Flipkart will choose to keep the Jabong brand and platform alive for the long haul, the report added.