New Delhi, May 4 : Hiring in senior roles at Indian startups (CTC greater than 50 lakh per annum) went down by around 80 per cent across new-age tech platforms in the first quarter of 2023 as compared to same period last year, continuing the pattern of declining hiring amid a funding winter, a report showed on Thursday.

“The hiring scenario in the startup ecosystem in Q1 will be similar in the following two quarters as well. There will be ongoing loss in senior positions with high-paying jobs,” said Anshuman Das, CEO and Founder, LONGHOUSE Consulting.

Growth stage and late-stage start-ups will continue to be badly hit, although early-stage and Pre-Series A start-ups are projected to hire.