Wednesday, December 28, 2022

Startups laid off 18,000 employees in 2022; Udaan, Ola, Oyo saw the most senior-level exits

This time last year, India’s startup ecosystem was counting unicorns. Now, it’s tallying layoffs. According to data compiled for us by Longhouse Consulting, 52 of India’s new-age companies fired almost 18,000 employees between them in 2022. Shockingly, almost half of these took place at just 15 edtech companies as Covid’s retreat battered the sector.

from Tech-Economic Times https://ift.tt/gfMq7en
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