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The CTO charm is wearing thin at Indian tech startups

LivemintLivemint · 1y ago
The CTO charm is wearing thin at Indian tech startups
Medial

Several startups in India, including Zomato and Healthify, are re-evaluating the position of Chief Technology Officer (CTO) in their companies. Instead of hiring replacements for departing CTOs, these companies are either redistributing the responsibilities among other leaders or leaving the position vacant. By elevating internal executives or relying on existing leadership, startups like Swiggy, Byju's, Ola Mobility, and Udaan are avoiding the high costs associated with CTO salaries and external hires. The freezing of CTO roles aligns with the tightening of budgets and limited funding for startups in India. However, tech salaries have shown signs of recovery, with increases returning to pre-pandemic levels.

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