More than 23,000 technicians lost their jobs at almost 82 startups in India so far

NEW DELHI: Like lay off keep digging between Depression According to media reports, more than 23,000 employees have been laid off by at least 82 startups in India and the list is growing.
According to a report in Inc42, 19 educational tech startups, including four unicorns, have laid off more than 8,460 employees to date.
Startups leading the layoff tally include BYJU’S, Ola, OYO, Meesho, MPL, LivSpace, Innovaccer, Udaan, Unacademy, and Vedantu, among others.
Home interior and renovation platform Livspace this week laid off at least 100 employees as part of cost-cutting measures.
Last week, SaaS platform for online stores Dukaan laid off nearly 30% of its workforce, or about 60 employees — the second layoff in about six months.
Healthcare unicorn Pristyn Care has also laid off up to 350 employees across divisions and impacted employees from sales, technology and product teams.
Online higher education company upGrad has laid off nearly 30% of the workforce at its “Campus” subsidiary.
In February, end-to-end global distribution management platform FarEye laid off 90 employees, its second layoff in about eight months amid the economic downturn.
With the start of January, more and more startups in India are cutting jobs across the entire spectrum.
Social media company ShareChat (Mohalla Tech Pvt Ltd) has laid off 20% of its workforce due to uncertain market conditions.
The layoffs affected about 500 people at the company.


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