🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Log In
News on Medial
28,000 and counting: That’s the 2023 layoff data from startup land
Economic Times
·
1y
According to data from Longhouse Consulting, startups in India have laid off more than 28,000 employees in the first three quarters of 2023. This restructuring and cost-cutting have been driven by the challenging funding environment and the need to prioritize essential operations. Sectors like edtech, real money gaming, and B2B ecommerce have been the hardest hit, while fintech and deep tech have fared better. Despite the layoffs, some startups continue to hire, particularly in sectors like sustainability, electric mobility, deeptech, spacetech, and healthtech.
5
View Source
Comments
See More Comments
More Like this
100,000 startup workers may have lost jobs in past 2 years
Microsoft Expands Data Centre Footprint In India With Land Parcel Buyout Worth INR 267 Cr
Indian startup shutdowns soar 12x amid market reset
Isro enables access to remote sensing data from 44 satellites since 1986
Japan startup hopeful ahead of second moon launch
Amazon India acquires Mumbai land worth ₹450 crore from Lodha Group to set up data centres.
Zetta Farms onboards farmers as partners to ensure benefits like insurance, pension etc
When layoffs happen, remote workers are hardest hit
A comprehensive list of 2023 & 2024 tech layoffs
Deeptech startup DeepMatrix raises $1.6 Mn in pre-Series A round
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
May 2025
BugBytes
GenAlpha masters STEM with Cinderella & Ganesha.
PixelPeak
Bringing hope to life, one thought at a time.
PenseeWeb Studios
When Study Apps Failed, We Built Our Own System
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in