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Startups fire fewer employees, ramp up hiring in 2024

December 20, 2024

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Financial Express Hyderabad

WITH FUNDING SHOWING signs of recovery, startups seem to be bouncing back. Layoffs by startups have dropped sharply in 2024 and hiring is also on the rise, data from layoffs.fyi showed.

- AYANTI BERA

During the year, 43 startups laid off 8,895 employees—nearly half of the 16,398 sacked by 111 firms in 2023, according to the data.

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'Mid-sized manufacturing needs a steroid-like boost'

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