Published 2 years ago

Over 22,000 techies lose job in US, Indian startups fire 12,000 employees

Summary by Ground News

More than 22,000 workers in the sector have lost jobs in 2022, along with more than 12,000 in the Indian startup ecosystem. Startups, especially the ones who benefited from a pandemic boom, are feeling the pressure as valuations dip. Globally, companies like Netflix, financial services company Robinhood and several crypto platforms have tripped their workforce.

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Times of India

Over 22K techies lose jobs in US, more than 12K in Indian startups

Startups, especially the ones who benefited from a pandemic boom, are feeling the pressure as valuations, particularly at the late stage, have started..

2 years ago·India

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Hindustan Times

Thousands of techies lose jobs in US, nearly 12,000 in Indian startups: Survey

According to the report, the Indian startup sector may witness more than 60,000 job losses to navigate through the “funding winter”.

2 years ago·New Delhi, India

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Live Mint

Over 22,000 techies lose job in US, Indian startups fire 12,000 employees

Considering the case of India, startups sector may see more than 60,000 job losses in 2022 alone, led by edtech and e-commerce platforms.

2 years ago·New Delhi, India

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Moneycontrol

More than 12,000 Indian startup employees lost their jobs in 2022: Report

As startups in India keep sacking their employees to navigate through the "funding winter", the country is expected to witness more than 60,000 job losses in 2022 alone.

2 years ago·India

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India West

Tech Trouble: Over 22K Techies Have Lost Jobs in US, More Than 12K in India Startups

NEW DELHI, (IANS) – As the tech and startup sector gets hammered by the economic meltdown, more than 22,000 workers in the sector have lost jobs in 2022, along with more than 12,000 in the Indian startup ecosystem.Startups, especially the ones who benefited from a pandemic boom, are feeling the pressure as valuations, particularly at the late stage, have started to dip, according to Crunchbase.Startups now say it is much more difficult to raise …

2 years ago

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