News > Layoffs by Indian tech startups dip 60% in Jan-March this year, says report

Layoffs by Indian tech startups dip 60% in Jan-March this year, says report

Indian technology startups laid off more than 2,000 workers in the first quarter of the calendar year, The layoffs decline occurred at a time when venture capital was reduced. During the first quarter of 2023, 43 companies laid off 5,358 employees. Byju’s fired 1,500 employees, Swiggy laid off 380, and ShareChat fired 500 employees. Ola, MediBuddy, DealShare, MyGate, UpGrad, and Pristyn Care laid off more than 100 employees each.