New Delhi: As layoffs proceed to deepen amid recession fears, greater than 23,000 staff have been laid off by a minimum of 82 startups in India, and the listing is barely rising, the media reported. According to a report in Inc42, 19 edtech startups, together with 4 unicorns, have alone sacked greater than 8,460 staff so far.
The startups that lead the layoff tally embrace BYJU`S, Ola, OYO, Meesho, MPL, LivSpace, Innovaccer, Udaan, Unacademy, and Vedantu, amongst others. Home interiors and renovation platform Livspace this week laid off a minimum of 100 staff as a part of cost-cutting measures.
Last week, SaaS platform for on-line shops Dukaan laid off practically 30 p.c of its workforce, or round 60 staff — its second layoff in about six months.
Healthcare unicorn Pristyn Care has additionally sacked as much as 350 staff throughout departments and impacted staff from gross sales, tech, and product groups.
Online greater schooling firm upGrad laid off practically 30 p.c of its workforce at its subsidiary “Campus”.
In February, end-to-end world supply administration platform FarEye laid off 90 staff, 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 resulting from unsure market situations.
The layoff impacted about 500 individuals on the firm.
