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A Season Of Layoffs
Business Today India
|June 26, 2022
Start-ups have handed out nearly 10,000 of the dreaded pink slips so far this year. With investors tightening the funding tap, things are unlikely to turn around very soon
R.I.P Good Times-a memo by Sequoia Capital during the 2008 economic crisis perfectly portrays the present condition of technology start-ups in India. After years of lavish venture capital (VC) funding and investor tolerance for cash-burning, the halcyon days seem to be ending for these firms. Since January 2022, around 8,000-10,000 start-up employees have received pink slips.
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