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Startup employees look for exits amid crises; outside talent reluctant to join

Economic TimesEconomic Times · 10m
Startup employees look for exits amid crises; outside talent reluctant to join

The attractiveness of the startup sector in India has further diminished due to the ongoing crises at Byju's and Paytm. Recruiters are finding it difficult to attract talent from other sectors, particularly at senior levels. Many employees who joined startups from traditional sectors during the boom are now looking to return, even accepting pay cuts. The troubles faced by decacorns and issues related to compliance are making it challenging to fill CXO roles in startups. Professionals are seeking opportunities in MNCs and conglomerates for stability and a safer work environment. However, it is believed that this is a temporary phase, and the startup sector will regain its appeal when funding increases.

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