New Delhi: As layoffs proceed to deepen amid recession fears, greater than 23,000 workers have been laid off by at the least 82 startups in India, and the record is just rising, the media reported. According to a report in Inc42, 19 edtech startups, together with 4 unicorns, have alone sacked greater than 8,460 workers to this point.
The startups that lead the layoff tally embody BYJU`S, Ola, OYO, Meesho, MPL, LivSpace, Innovaccer, Udaan, Unacademy, and Vedantu, amongst others. Home interiors and renovation platform Livspace this week laid off at the least 100 workers as a part of cost-cutting measures.
Last week, SaaS platform for on-line shops Dukaan laid off almost 30 p.c of its workforce, or round 60 workers — its second layoff in about six months.
Healthcare unicorn Pristyn Care has additionally sacked as much as 350 workers throughout departments and impacted workers from gross sales, tech, and product groups.
Online increased training firm upGrad laid off almost 30 p.c of its workforce at its subsidiary “Campus”.
In February, end-to-end international supply administration platform FarEye laid off 90 workers, which was its second layoffs in about eight months amid the financial meltdown.
With the onset of January, an increasing number of Indian startups are slashing jobs throughout the spectrum. Social media firm ShareChat (Mohalla Tech Pvt Ltd) laid off 20 p.c of its workforce as a consequence of unsure market circumstances.
The layoff impacted about 500 individuals on the firm.
Source web site: zeenews.india.com
