Though main tech firms, each startups and large tech companies, the world over have been shedding individuals citing financial uncertainties going forward, some startups are planning to broaden their groups in India to push their development. Here’re particulars about layoffs in 2023 and startups which might be intending to rent staff.
According to the newest knowledge from Layoffs.fyi, a complete of 489 tech firms have laid off 1,38,512 staff in 2023 alone. The firms additionally embody Big Tech like Meta, Twitter, Amazon, Disney, Microsoft and Google.
In the yr 2022, a complete of 1,61,411 staff had been laid off by 1,051 tech firms.
Facebook-parent Meta Platforms on Tuesday, March 15, additionally mentioned it might reduce 10,000 jobs, simply 4 months after it let go 11,000 staff. With this, it has change into the primary Big Tech firm to announce a second spherical of mass layoffs.
Hiring Plans by Startups
Physics Wallah: Unicorn edtech agency Physics Wallah has additionally mentioned it’s planning to rent 2,500 staff within the ongoing quarter throughout totally different roles. Currently, the corporate has constructed a group of 6,500 staff, together with over 2,000 academics and academic specialists.
“The hiring spree is aligned with the model’s bold development targets because it continues to supply top-of-the-line studying alternatives to college students. The new positions opened up at PW reduce throughout totally different roles and tasks,” PW has said in a statement. Physics Wallah said it is hiring faculty members as well as professionals for allied roles like business analysts, data analysts, counsellors, operations managers, batch managers, teachers, and many more.
Liferay: US-based cloud-powered digital user experience platform (DXP) provider Liferay has said it intends to double its headcount in India and onboard more than 200 engineers and management candidates in the next 24 months. As a part of its commitment, Liferay has also opened a new office in Bengaluru, which will pave the way for its rapid expansion.
“With a strong foothold in 19 countries across EMEA, APAC, and the Americas, the global technology company aims to attract the best talent in India and expand its local presence. In the next two years, Liferay’s Bengaluru office will hire experienced and entry-level engineering and management graduates for various roles focusing on cloud technologies, product development, operations, marketing, and sales,” Liferay mentioned in a press release.
TSAW Drones: Drone tech startup TSAW Drones has introduced aggressive plans to extend its expertise pool by hiring over 350 new staff by the top of the calendar yr 2023. The present full-time workforce energy of TSAW Drones is round 50 and with the scheduled recruitment dive, the startup is on monitor to cross the mark of greater than 400 staff.
In the earlier quarter, TSAW Drones had efficiently roped in 30+ staff. The new hiring announcement comes within the wake of the corporate’s explosive development plans to advance its product portfolio in addition to mark its footprints in 6 new geographies.
Sudhanshu Mishra, head of individuals for TSAW Drones, mentioned, “Startups and corporations in India have been hit laborious by the funding winter and 1000’s of staff have been laid off lately. However, the addressable marketplace for what we do at TSAW Drones is unprecedented, notably in these instances of financial turmoil and transition. The new workers of execs won’t solely place us to dominate the business however will even have a deep impression on the development of this new sector. Additionally, we intend to take care of a optimistic work surroundings for our freshers as it’s as important to our development and success as modeling modern drone expertise options for our purchasers.”
CLXNS: Digital-first debt resolution company CLXNS has announced hiring over 700 employees. The company intends to hire across verticals ranging from product, engineering and design to marketing and data analytics. It is keen to onboard seasoned professionals for key leadership roles along with mid-level talent possessing expertise in technology. With the assistance of the newly hired employees and the company’s clear focus on investing heavily in its tech capabilities, CLXNS’ futuristic goal is to create scalable, digital-first debt resolution tools with high-degree compliance and governance.
CLXNS’ Manavjeet Singh said, “The current market scenario is unstable but we strongly feel that there is no right or wrong time for hiring talent. We believe India’s credit growth story has just started and is guaranteed to see a massive boom. And therefore we foresee an enormous growth in ethical debt resolution opportunities.”
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