Top Indian Startups with Most Layoffs by the Year 2023!! See Full Report...

The world got hit by a massive outbreak during the Covid-19 pandemic and companies have faced massive downfall as an impact. The most influential companies in the market including Amazon, Google, Microsoft, and Meta have faced difficulties in retaining their employees. Amazon, Meta, and Microsoft have plunged out 18,000, 11,000, and 10,000 employees respectively during the layoffs in 2023.

Not only that, more than 150 thousand employees had been fired by the end of the year 2022. As per the stats of layoffs in 2023, almost 20,000 layoffs were registered as of mid-December 2022. The United States lost the most employees during layoffs till 2023.

Here's a detailed chart representing the amount of layoffs in different sectors:

Indian Startups layoffs by 2023

Indian startups have also shivered due to the impact of downfall. The companies have started to layoff their employees. More than 21,500 employees have lost their jobs due to layoffs until now. The companies will hardly be able to retain the lost employees back. The layoff period has developed fear in the minds of employees as MNCs and new startups companies as well are firing their employees.

The decline in Indian startups income has plunged down to $25 billion in 2022, which is 40% less than the income made in 2021. The 67 startups have combinedly laid off 21,532 employees. The most employees were laid off by these sectors:

• Edtech
• Consumer Service
• ecommerce

The top startups that caused most of the layoffs in India include:

• Byju's
• Ola
• Blinkit
• Unacademy
• Vedantu
• WhiteHat Jr.
• Cars24
• Mfine
• Oyo Hotels & Homes
• Udaan