Business News
Home > Business News
Over 60K startup employees stare at job loss as India prepares for 200 unicorns
TIWN
TIWN

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.
Add your Comment
Comments (0)
More Business News
- Siemens’ net profit drops over 37 pc to Rs 408 crore in March quarter
- Delhi, Mumbai airport operations normal; security checks taking longer
- Adani Green becomes world’s 1st renewable energy IPP to turn water positive
- DB Corp clocks sharp 75 pc decline in Q4 net profit as revenue slips, expenses rise
- India-UK FTA bypasses China’s dependence, navigates US tariffs: SBI report