Friday, 24 March, 2023

As India prepares for 200 unicorns, over 50,000 startup workers fear losing jobs

<p>More than 60,000 jobs could be lost by startups in India in 2022 alone as they continue to lay off employees to survive the &quot;funding winter,&quot; but the nation is also getting ready to welcome 200 unicorns over the next four years. Ironically, investment is still available for startups in India, but layoffs are becoming more and more common, with layoff news predominating the headlines. Industry experts said nearly 50000 more startup employees are likely to lose jobs this year.</p>