News Post

Startups’ pink slip count falls to 10,000 amid funding blues

Economic Times

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Startups in India have laid off approximately 10,000 employees in 2024, as funding remains constrained and companies prioritize improving their bottom lines. This is an improvement compared to the previous year, with 15,000 employees laid off in the last six months of 2023 and 21,000 in the first half of 2023. Despite the slowdown, startups are still facing challenges, with companies like Swiggy, Ola, Flipkart, and Paytm reducing their workforce. Layoffs are also being conducted more quietly and gradually through "silent layoffs." The second half of 2024 is expected to see around 5,000 more layoffs.

Comments

Shivan Trivedi
Shivan Trivedi

Silent Layoffs are definitely not included in this count , this count is much more then previous year due gap between Ai startups and non Ai startups , news agencies don't know the internals of early stage startups. Startups term it as "organizational restructuring"

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1 month ago

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