Over 30,000 lay-offs in Indian tech sector in last two years: Check list

When the covid-19 pandemic hit in 2020, the world pretty much went into lockdown. Large companies and start-ups have started layoffs and frozen hiring. Over the past two years, India has lost more than 30,000 of his tech sector jobs. According to Layoffs.fyi, his online platform that tracks tech layoffs since covid-19, Ola has laid off about 2,600 employees between 2020 and his 2022. .

The ride-hailing platform cut 1,400 jobs in May 2020, cutting 35% of its workforce. In the latest development, the company laid off his 200 employees in various industries as part of its restructuring.

Ed-tech company Byju laid off about 2,500 employees over the past two years. Headcount reductions were planned across product, content, media and technology teams. The company has reportedly closed its office at his Technopark in the Thiruvananthapuram office.

Swiggy laid off its first 1,100 employees in May 2020. That number was 350 for his second dismissal in July of the same year. According to Layoffs.fyi, that number has reached 2,250 in the last two years. Another edtech company, White Hat JR, is also on the list of companies with high layoffs. The company reportedly cut 2,100 jobs in India between 2020 and 2022. Gaurav Munjal’s Unacademy laid off his 1,500 employees in the last two years.

Reports of planned layoffs for Oyo began coming in in November 2019, but the company eventually laid off workers in India and China in January 2020. But at the same time, he also planned to lay off his 600 employees on the technical team.

Amazon recently announced that it will lay off about 1,000 employees worldwide. Many of them are from India. The company has reportedly begun sending emails to its employees in India. But according to Layoffs-Fyi, e-commerce companies have laid off about 1,000 employees in the country in the past.

Vedantu, CureFit, MakeMyTrip and Meesho are other tech startups that have laid off around 1,100, 920, 700 and 650 employees in India. Zomato cut 620 of his jobs, Uber and Udaan laid off 600 of him and 530 of his employees nationally.

Catch all business news, market news, breaking news events and breaking news updates with Live Mint. Download The Mint News app for daily market updates.


Leave a Reply

Your email address will not be published. Required fields are marked *