More than 23,000 techies have lost their jobs in nearly 82 Indian startups so far


If dismissed continuing to grow amid recession fears, more than 23,000 workers have been laid off by at least 82 startups in India, and the list is only growing, the media reported.

According to a report in Inc42, 19 edtech startups, including four unicorns, have laid off more than 8,460 employees so far alone.

The startups leading the layoffs include BYJU’S, Ola, OYO, Meesho, MPL, LivSpace, Innovaccer, Udaan, Unacademy, and Vedantu, among others.

Housing and renovation platform Livspace laid off at least 100 employees this week as part of cost-cutting measures.

Last week, online store SaaS platform Dukaan laid off nearly 30 percent of its workforce, or about 60 employees — the second layoff in about six months.

Unicorn in Healthcare Pristyn Care has also laid off up to 350 employees across various departments and impacted employees across sales, technical and product teams.

Online higher education company upGrad laid off nearly 30 percent of its workforce at subsidiary “Campus”.

In February, end-to-end global supply management platform FarEye laid off 90 employees, the second layoff in about eight months amid the economic meltdown.

With the beginning of January more and more Indian startups cut jobs across the spectrum.

Social media company ShareChat (Mohalla Tech Pvt Ltd) has laid off 20 percent of its workforce due to uncertain market conditions.

The layoff affected some 500 people at the company.

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