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Layoffs: Indian startups sack 18,000 employees in 2022
source link: https://nextbigwhat.com/layoffs-indian-startups-sack-18000-employees-in-2022/
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Layoffs: Indian startups sack 18,000 employees in 2022
A total of 17,989 employees were fired by 52 companies in industries including e-learning, consumer services, e-commerce, health technology, logistics, fintech, enterprise technology, media and entertainment, agri-tech, and cleantech.
15 edtech companies— Byju’s, Unacademy, Vedantu, Byju’s-owned WhiteHat Jr. and Toppr, Practically, FrontRow, Lido, Invact Metaversity, Yellow Class, Teachmint, Lead, Udayy, Crejo.fun, and Eruditus —were responsible for almost 44% of the layoffs.
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