Indian Startups Layoffs Over 23 Thousands Employees Amid Economic Uncertainties

Indian Startups layoffs: The symptoms of the Global Economic Recession have now become deeper than before. Its effect is also visible in India. Especially Indian startups are more troubled by the economic slowdown and for this reason they are resorting to layoffs. During the last few years, at least 82 startups in India have laid off and thousands of people have become its victims.

layoffs around the world

According to, there is a huge layoff going on all over the world right now. Talking about tech companies, 84,714 people were laid off in January this year and 36,491 employees were laid off in February. In the month of March, apart from Accenture and InDeed, RoofStock, Twitch, Amazon, LivSpace, Course Hero, Clavio, Microsoft Companies like Facebook’s parent company Meta, Y Combinator, Salesforce, Atlassian, Sirius XM, Allergo, Cerebral, Waymo, Thoughtworks have been laid off. Statistics show that tech companies all over the world have laid off more than 1.50 lakh people so far this year.

All the employees of these companies are out

If you look at the account of startups, according to a report by Business Insider, 16 startups have fired 100 percent of their employees so far this year. Three of these startup companies are from India. Bengaluru-based WeTrade and DUX Education and Chennai-based Fipola have laid off all their employees. There are apprehensions that the number of layoffs in Indian startups will only increase.

These startups ahead in layoffs

Even among Indian startups, maximum layoffs are happening in the Edutech sector. According to a report by Inc42, 19 startups in this sector have laid off so far, out of which only four unicorns have laid off around 8,500 people. According to the news, Byju’s (BYJU’S), Ola (Ola), Oyo (OYO), Meesho (Meesho), MPL (MPL), LivSpace (LivSpace), Innovaccer (Innovaccer), Udaan (Udaan) Names like Unacademy and Vedantu are ahead.

Recent layoffs

Home interior company Livspace has recently laid off around 100 people. Similarly, the shop (DuKaan) has fired 60 people in the second round of retrenchment. Healthcare unicorn Pristyn Care has laid off 350 employees. At the same time, Global Delivery Management Company FarEye has removed 90 people from work in the month of February. Social media company ShareChat has shown the way out to 20 percent of its employees.

read this also: Satya Nadella Success Mantra: ‘Progress in career is easy, just have to do this small work’

RBI Annual Report Says 500 Fake Currency Circulation Increased 14.6 Percent In 2022-23 Year

RBI Annual Report: According to the annual report of the Reserve Bank of India, the number of fake notes of ...
Read More

Health Tips Vitamin Deficiency Symptoms Vitamin Deficiency Can Cause Insomnia Health Tips News Marathi

health tips: A good night's sleep is very important after a hard day's work. But many people who lie down ...
Read More

Trending news: How much does beauty parlor owner Sapna earn? Krishna Abhishek’s net worth will leave you stunned

Krushna Abhishek has been a part of the film industry for more than two decades. He worked in many films, ...
Read More

National Pension System Nps Scheme Benefits How To Get Multi Crore Fund Post Retirement

In the matter of financial planning, it has become very important to prepare a plan for the time after retirement ...
Read More

IPL 2023 Final Rivaba Jadeja Touches Ravindra Jadeja’s Feet After CSK Win Narendra Modi Stadium

Chennai Super Kings vs Gujarat Titans: Chennai Super Kings won the IPL title for the fifth time. The team defeated ...
Read More

Trending news: Now farmers are the sun of ‘Diya Aur Baati Hum’!

got stardom like this In ‘Diya Aur Baati Hum’, Anas Rashid played the role of Sooraj, while Deepika Singh was ...
Read More

​Web Developer Course After 12th Top Short Term Course For Youth

Web Developer Course After 12th: Passed 12th class? Do not understand which course to do that can get you a ...
Read More

ipl final 2023 1 title is difficult to win 5 is unbelievable gautam gambhir praises csk

IPL Final 2023, CSK vs GT: Under the captaincy of Mahendra Singh Dhoni, Chennai Super Kings (CSK) defeated Gujarat Titans ...
Read More

Indian Startup Registration How To Register Your Startup Know Step By Step Process

Indian Startup Registration: In terms of startups, India has now come at number three in the world. Thousands of startups ...
Read More

GQG Partners Of Rajiv Jain To Invest Another 500 Million Dollars In Adani Stocks

After the report of the American short seller company Hindenburg (Hindenburg Adani Report), investor GQG Partners (GQG Partners), which has ...
Read More

Leave a Comment