News > Pink slips to 10,000 startup employees this year – but there’s good news too

Pink slips to 10,000 startup employees this year – but there’s good news too

According to Longhouse Consulting, this marks an improvement from previous years but underscores ongoing financial pressures in the sector. Despite a slowdown from previous years, firms like Swiggy and Ola are restructuring. While funding shows early signs of recovery, layoffs continue cautiously, impacting morale and hiring cycles in the tech sector. Despite the reduction in layoffs, startup executives caution that the sector remains challenging.