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6,700 employees leave unicorns between August 2023-24, attrition rate 4.5%
The New Indian Express Kochi
|December 21, 2024
OVER 6,700 employees left unicorn start-ups between August 2023 to August 2024, and on average, unicorns had an attrition rate of 4.5% during the period, an analysis by market intelligence platform Private Circle Research found.
As many as 116 unicorns (including newer additions such as Moneyview, Ather and Rapido) in the country employed 4,10,829 people in August 2024 as compared to 4,17,561 employees recorded in the same month previous year. The analysis includes employees of whom provident fund contributions were done.
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