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Over 22,000 techies lose jobs in US, more than 12,000 in Indian startups

Business Standard LogoBusiness Standard1 mo ago

Over 22,000 techies lose jobs in US, more than 12,000 in Indian startups

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Globally, companies like Netflix, financial services company Robinhood and several crypto platforms have tripped their workforce.

As the tech and startup sector gets hammered by economic meltdown, more that 22,000 workers in the sector have lost jobs in 2022, along with more than 12,000 in the Indian startup ecosystem.

As startups in India keep firing their staff to navigate through the 'funding winter', the country may see more than 60,000 job losses in 2022 alone, led by edtech and e-commerce platforms.


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Article Details

Author / Journalist: IANS

Category: EconomyFinance

Topics: Startup Economic Been Startups Employees Crypto Content Business Workforce 2022 Standard

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-03, 11:59:00

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Reading Time: 4 minutes read

Article Length: 544 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 27105

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About Business Standard

Business Standard Logo

Main Topics: EconomyFinance

Official Website: business-standard.com

Update Frequency: 258 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2h ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #49

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