9,400 startup employees laid off between Jan-March

New Delhi, Apr 27 (KNN) During the period of January and March about 9,400 employees were laid off by startups, as per Careernet in an exclusive report by ET.

According to the data from recruitment firm sourced by ET, Edtech firms Byju’s, Unacademy, social media startup ShareChat, apartment-management platform MyGate and car-servicing company GoMechanic were among the ones that fired a significant chunk of their team, the report said.

In each quarter about 70 per cent of all startups laid off 100-300 people.

This included the likes of instant delivery services provider Dunzo, healthtech software-as-a-service (SaaS) startup Innovaccer and ride-hailing major Ola among others.

Hiring in senior roles have also dropped around 80 per cent in the March quarter compared to the same period last year, as per the report.

While the trend of layoffs are expected to continue.  (KNN Bureau)