At 84 startups thus far, around 24,250 Indian techies have lost their employment.

At 84 startups thus far, around 24,250 Indian techies have lost their employment.

Up to this point, 84 firms have laid off 24,256 people, according to the most recent data from the top startup coverage portal Inc42.

Layoffs at Indian startups are unabated; to far, more than 24,250 workers have lost their employment in the ecosystem of domestic start-ups.

Up to this point, 84 firms have laid off 24,256 people, according to the most recent data from the top startup coverage portal Inc42.

The number of startups firing staff in the nation is constantly rising.

As the financial winter persists, leading digital healthcare platform Practo has let go of 41 workers, largely engineers, as part of its ongoing performance assessment and planning process.

Dunzo, an indigenous quick-grocery delivery service, has let go of roughly 300 people, or at least 30% of its workforce, following the completion of a $75 million new investment round.

ZestMoney, situated in Bangalore, is reportedly laying off 20% of its staff, which will affect up to 100 workers.

The media stated that domestic fantasy e-sports startup FanClash has let go of around 75% of its staff.

Over 100 employees were let go by the business in three phases, according to Inc42, which cited sources. The affected workers received a two-month pay as a severance package.

Co-Founder and CEO of Unacademy Gaurav Munjal revealed late last month that the workforce would be reduced by 12%, or more than 350 workers, in order to “achieve the goals we are chasing in the current reality we confront.”

Among others, BYJU’S, Ola, OYO, Meesho, MPL, LivSpace, Innovaccer, Udaan, Unacademy, and Vedantu are among the startups that top the list of layoffs.

Recently, at least 100 employees of the home interiors and refurbishment website Livspace were let go as a result of cost-cutting measures.

Platform as a Service for online shops Almost 60 individuals, or roughly 30% of Dukaan’s employment, were laid off—the company’s second layoff in almost six months.

medical unicorn Up to 350 people from different departments, including those from the sales, tech, and product teams, were let go by Pristyn Care.

At its subsidiary “Campus,” the online higher education provider upGrad lay off roughly 30% of its staff.

Leave a Reply

Your email address will not be published.

Latest

Arambam: Rakul Preet’s Nutrient-Rich Haven in Hyderabad

Arambam, the newest addition to Hyderabad’s culinary scene, where millets take center stage in a celebration of health and flavor. Rakul Preet Singh, the Bollywood actress, invites you on a gastronomic journey that combines ancient grains with modern culinary delights. Millets have gained widespread recognition as a superfood, thanks to their nutritional richness. From pearl […]

Read More
Latest

Supreme Court Imposes Rs 5 Lakh Cost on Wife’s Father for Filing False Cases to Harass Husband

  The recent ruling by the Supreme Court imposing a cost of Rs 5 lakhs on a wife’s father for lodging false Section 498A IPC cases against the husband at different places to harass him is a significant development in the realm of legal justice. This decision sheds light on the misuse of legal mechanisms […]

Read More
Latest

The Meteoric Rise of Minimalist: Building an INR 100 Cr Business in Eight Months

  In the ever-evolving landscape of the beauty and personal care industry, the emergence of direct-to-consumer (D2C) brands has been nothing short of revolutionary. Among these trailblazers stands Minimalist, a Jaipur-based startup founded by siblings Mohit and Rahul Yadav, which has swiftly climbed the ladder to achieve an impressive INR 100 Cr revenue mark within […]

Read More