The company is not only planning to offer pay hikes but may also distribute nearly 1 per cent of its stock to about 150 employees.
In a recent official mail to the entire staff, founders Kunal Bahl and Rohit Bansal admitted to the need to tighten the belt and in the process, let go of some people.
Operations managers across the country have been sent e-mails to “right size” their respective teams.
Kapoor has joined as head-HR. The company hopes to further its aggressive talent acquisition strategy with this key new appointment.
Among other Indian companies, Infosys, TCS (Tata Consultancy Services), Air India, Flipkart, Wipro, Reliance Industries, Tata Motors, ONGC, L&T, Mahindra & Mahindra, Aditya Birla Group, Indian Oil, BHEL (Bharat Heavy Electricals Ltd.), Snapdeal, HCL and NPTC also feature in the list.