InvestorQ : How bad are the layoffs happening at the start-up scenario?
ishika Banerjee made post

How bad are the layoffs happening at the start-up scenario?

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1 month ago
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The start-up ecosystem is really start to feel the pain of layoffs as more than 12,000 employees have been given the pink slip with marching orders in recent months. The worse hit have been segments of the start-up ecosystem like Edtech and ecommerce. IN most cases, the company revenues have failed to keep pace with rising costs and valuation expectations and the cash burn is just not stopping.

In addition, the sectors like Edtech are feeling the pinch of normal schools reopening and a sense of boredom over home bound schooling playing on the minds of children. Lay-offs happened across marquee names like Ola, Unacademy, Vedantu, Cars24, Blinkit, Whitehat Jr, Toppr, Lido etc. Start-ups layoffs are likely to cross 50,000 this year and will be one of the biggest churns seen in the start-up ecosystem in India.

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