100 Indian startups axe 24k jobs in 2023: Report
Friday, 19 January 2024
Over 100 Indian startups have laid off 24,000 employees in 2023, including troubled edtech firm Byju's, ShareChat, Swiggy, and Unacademy. Startups faced funding crunch and pressure to be profitable, leading to job cuts. Automation also played a role in layoffs as companies relied on technology for efficiency and cost savings.
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