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Over 60K startup employees stare at job loss as India prepares for 200 unicorns
TIWN
Over 60K startup employees stare at job loss as India prepares for 200 unicorns
PHOTO : TIWN

New Delhi, June 30 (TIWN) As startups in India keep firing their staff to navigate through the 'funding winter' and more than 60,000 can lose their jobs in 2022 alone, the country is preparing to welcome 200 unicorns in the next four years.

The irony is that while funding still flows in the Indian startup ecosystem, the ratio of laying off employees is growing exponentially, with lay-off news dominating the headlines.  Nearly 12,000 startup employees have been shown the door to date, let by companies like Ola, Blinkit, BYJU's (White Hat Jr, Toppr), Unacademy, Vedantu, Cars24, Mobile Premier League (MPL), Lido Learning, Mfine, Trell, farEye, Furlanco and more.

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