24,250 Indian techies lose jobs at 84 startups to date
Startups that lead the layoff tally include Byju’s, Ola, Oyo, Meesho, MPL, LivSpace, Innovaccer, Udaan, Unacademy, Vedantu among others
image for illustrative purpose
- Quick grocery delivery provider Dunzo trims 30% of workforce
- Gaurav Munjal, co-founder of Unacademy, announced 12% cut in workforce
- Home renovation platform Livspace laid off 100 employees
- Bengaluru-based ZestMoney laid off 20% staff
New Delhi: There is no stopping for layoffs at the Indian startups as more than 24,250 employees so far lost their jobs in the home-grown startup ecosystem.
According to latest data from leading startup coverage portal Inc 42, as many as 24,256 employees have been laid off by 84 startups till date. The list of startups sacking employees is only increasing in the country. Leading digital healthcare platform Practo has laid off 41 employees, mostly engineers, as part of the company’s continuous performance management and planning process, as the funding winter continues.
Home-grown quick grocery delivery provider Dunzo has laid off at least 30 per cent of its workforce, nearly 300 employees, after it raised $75 million in a fresh funding round. According to reports, Bengaluru-based ZestMoney is laying off 20 per cent of its workforce, which will impact nearly 100 employees.
Home-grown fantasy e-sports startup FanClash has laid off about 75 per cent of its workforce, the media reported. According to Inc42, citing sources, the startup laid off about 100 employees in three rounds, with the impacted employees receiving a two-month salary as a severance package.
