According to the website that tracks tech sector job cuts, five companies laid off 70–75% of their workforce, with over 36,400 people losing their jobs in India in the last couple of years.
Over 36,400 people lost their jobs in India in the last couple of years, as per the latest data from layoff.fyi. Nine companies, including Lido Learning, SuperLearn and GoNuts, have laid off 100% of its workforce. According to the website that tracks tech sector job cuts, five companies laid off 70-75% of its workforce. Such companies include GoMechanic, PhableCare and MFine.
Byju’s is leading the number of layoffs with 4,000 employees losing their jobs at the company. WhiteHat Jr laid off 1,800 employees in January 2021 and then 300 in June 2022. Bytedance terminated 1,800 employees in January 2021. In June 2020, Paisabazaar let go 1,500 people, 50% of its workforce.
Swiggy has laid off 2,880 employees since May 2020. It sacked 800 employees in April 2020, 350 in July 2020, 250 in December 2022 and 380 in January 2023. In comparison, Zomato has laid off just 620 people since May 2020. It let go 520 employees in May 2020 and 100 in November 2022.
Ola has laid off its employees four times since May 2020. In May 2020, it laid off 1,400 employees while it sacked 1,000 people in July 2022. In September 2022, it asked 200 people to leave and terminated 200 employees again in January 2023.
IRCC has posted job listings to hire Indians to work abroad, offering salaries up to 54 lakhs per year.
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