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Swiggy co-founder says over-hiring a mistake as he fires 380 employees
Swiggy is a foodtech startup that is firing 380 employees as part of a restructuring exercise. The …
Startup founders focus on profitability, hope for higher valuations: InnoVen Capital report
A majority of Indian startup founders are optimistic about getting a higher valuation for their com…
Wipro, GoMechanic and Swiggy lead tech layoffs in India in January 2023
'Layoffs Tracker' website reveals 228 tech companies laid off over 1.1 lakh workers globally in Jan…
Swiggy's losses jump 2X to ₹3,629 crore in FY22, layoffs coming
Online food delivery platform Swiggy's losses doubled to ₹3,629 crore in FY22 compared to ₹1,617 cr…
Analysts upbeat on Zomato’s profitability after company beats Q4 estimates
$ZOMATO.NSE Looks Bullish on Chart Cup & Handle Pattern in formation Potential 16 Pts Deep Cup…
Google to axe 12,000 jobs; CEO Sundar Pichai says company hired for a different economic reality
Google is laying off 12,000 employees worldwide. While Google announced a severance package for tho…
70-plus Indian startups show exit door to 21K techies, more pink slips coming
As global layoffs deepen, Indian startups are not far behind and have sacked thousands of employees…
Zomato CEO says aware of fraud at delivery agents' end, fixing it
After an entrepreneur complained in a LinkedIn post that a Zomato delivery agent advised him to che…
Early-stage startups keen on hiring for mid and junior roles: FICCI-Randstad survey
A survey by industry body FICCI and HR services firm Randstad India says that early-stage startups …
PharmEasy falls into difficult times, lays off employees for the second time this year
After delayed its plans to go for an IPO in August 2022, Mumbai-based healthtech startup PharmEasy …
The $3.6-billion Swiggy follows Zomato— the food delivery firm lays off 1100 employees as Covid-19 squeezes business
“We unfortunately have to part ways with 1100 of our employees spanning across grades and functi…
India sees second wave of layoffs and pay cuts as companies grapple with COVID-19 pandemic
From hospitality, fitness to the aviation industry, the jobs scenario looks bleak and the situation…
Swiggy ran a massive ‘thank you’ campaign for its delivery heroes – two months later, those heroes are protesting against reduced pay and slashed incentives
Swiggy’s delivery executives were on a strike in Chennai and Hyderabad, claiming that the compan…
BharatPe laid off several employees after announcing salary hikes in April
The company has laid off 40 people and while it maintains that it did because they were “underpe…
BookMyShow lays off, furloughs 270 employees
Online ticket booking platform BookMyShow has laid off or furloughed 270 employees as it expects i…
PTI
Ola fires 1400 people as revenue is hit by 95% in the last two months
Indian ride hailing unicorn Ola has fired 1400 people as a cost cutting measure during the coronavi…
Uber had ‘promoted’ employees to UberEats just last week, and now, their jobs are gone
An UberEats employee who has been affected because of the transition said that there was an in…
Indian unicorns like Oyo, PayTm and now Uber are shedding flab — resulting in thousands of pink slips
After the textile and auto sector, startups and that too unicorns could be where the next set of pi…
One in four Indians in the working age is unemployed as corporate layoffs continue— making crisis worse and delaying economic recovery
This comes in the backdrop of the ongoing job crisis due to the lockdown. Companies are aggres…
Indian startups raised $732 million across 107 deals in January
Indian startups have raised $732.7 million across 107 deals in January this year amid layoffs, shut…