Samsung has long been a household name, celebrated for its diverse range of smartphones and other electronic items catering to budget-conscious and premium consumers. However, despite its impressive market presence, the Korean giant has been facing stiff competition in...
Good news for employees in the Indian startup ecosystem! After a prolonged storm of layoffs in 2022 and 2023, the ecosystem has been showing signs of stabilization in 2024. Interestingly, the number of layoffs in Indian startups has declined...
Paytm's troubles seem far from ending following the RBI's ban on its Paytm Paytments Bank earlier this year. The shutdown of its wallet business has compelled the fintech giant to implement restructuring and cost-cutting measures, resulting in sudden mass...
The Indian startup ecosystem is witnessing a harsh reality as companies race towards initial public offerings (IPOs).
With a sharp focus on improving profitability, many startups are resorting to layoffs, leaving employees and stakeholders with a sense of unease....
When a company prepares for its initial public offering (IPO), it typically undergoes various transformations, often including cost-cutting measures to improve its bottom line. In a similar vein, Ola Cabs, a prominent ride-hailing company, is preparing for its IPO...
Tech industry layoffs post-Covid have been a major concern, affecting white-collar employment in India. This trend isn't confined to startups alone; India's top three IT firms - TCS, Infosys, and Wipro - laid off their 64,759 employees in fiscal...
When layoffs in tech companies peaked in 2023, industry analysts attributed this surge to excessive hiring during the Covid-19 pandemic era of 2021 and 2022, and strategic business segment closures. As we move into 2024, the trend of workforce...
The global tech industry continues to grapple with workforce reductions, extending the challenges faced in 2023 into 2024. Prominent players such as Amazon, Apple, Dell, Byju’s, Expedia, and Cisco have executed significant layoffs across departments. Data from Layoffs.fyi reveals...
The global tech industry is grappling with a formidable challenge as unemployment shows no sign of abating. In 2023, a staggering 1,186 tech companies worldwide bid farewell to 262,582 employees. Surprisingly, in just 15 days of the New Year...
Despite the influx of significant funding into India's startup ecosystem, several startups grapple with operational sustainability. One such example is Udaan, a business-to-business (B2B) e-commerce company headquartered in Bengaluru. Udaan laid off 10% of its workforce, numbering between 100...
