MUMBAI : The severity of the funding winter in the startup ecosystem and ensuing layoffs have prompted jobseekers to gravitate towards companies that are profitable, and offer job security. Each vacancy at a company with sound finances is attracting hundreds of applications, said founders, head hunters and industry insiders.
Following the 2022 liquidity squeeze, startups were forced to cut over 25,000 jobs to safeguard their financial lifelines, displacing talent—from engineers to sales executives—who are now seeking refuge in traditional firms or profitable startups that make efforts to retain employees.
Esta historia es de la edición May 22, 2023 de Mint Mumbai.
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Esta historia es de la edición May 22, 2023 de Mint Mumbai.
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