A Season Of Layoffs

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

- Binu Paul

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.