Year of pink slips: Startups have sacked 15,000 so far
Financial Express Mumbai|December 19, 2023
Udaan is the latest, lays off 8% of staff
AYANTI BERA
Year of pink slips: Startups have sacked 15,000 so far

B2B E-COMMERCE PLATFORM Udaan sacked around 120 employees two days ago - 8% of its total staff strength - as part of its business restructuring process. Udaan's action is the latest in the flood of pink slips that startups have handed over this year.

According to data sourced from layoffs.fyi, 108 startups have laid off 15,098 employees in 2023 so far. This is higher than 59 companies sacking 14,224 employees in 2022, which included mass layoffs at Byju's, Ola and Unacademy.

In October last year, troubled edtech firm Byju's laid off 2,500 employees or 5% of its workforce in a bid to cut down costs. Udaan itself had laid off about 350 employees in November last year and another 180 in June before that.

Things have been no different at Byju's since then. It laid off another 2,500 in two rounds this year, followed by Sharechat which fired 500 in January. Besides these, unicorns such as Swiggy fired 380 and Pristyn Care fired 300 employees this year.

この記事は Financial Express Mumbai の December 19, 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Financial Express Mumbai の December 19, 2023 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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