The edtech sector has laid off the most workers, with 16 edtech startups laying off more than 8,000 workers to date.
With the start of January, more and more Indian companies are cutting jobs across the spectrum. More than 16 homegrown startups have already laid off workers in the country in the new year.
Social media company
Supported by Twitter, Google, Snap and
Health tech unicorn Innovaccer has laid off nearly 245 employees, or about 15 percent of its workforce, across teams in India and the US.
Innovaccer co-founder and CEO Abhinav Shashank cited an “uncertain macroeconomic environment” as the reason behind the job cuts, according to an internal email sent to employees and consulted by leading startup news portal Inc42.
This was the company’s second layoff in about 4-5 months amid the deepening funding winter and recession fears.
Last September, Innovaccer laid off nearly 120 employees, or less than 8 percent of its workforce.
Online food delivery platform
MediBuddy, an end-to-end digital healthcare platform in India, has laid off 8 percent of its workforce, about 200 people, across all departments as a restructuring exercise.
Homegrown online vehicle repair platform GoMechanic, powered by
The company has reportedly asked its remaining staff to work unpaid for three months.
Software-as-a-Service (SaaS) voice automation startup Skit.ai has asked more than 115 employees to leave, mostly from its Indian team, as part of its “restructuring process” amid the deepening funding winter.
Even IT giant
Budgeting for the fifth C
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