Moneycontrol
Masterclass Ideas For A New India

Layoffs @ Indian startups cross 11,000
What can youngsters do to navigate the downturn?

01 July, Friday 06:00 pm - 07:00 pm

Meet Our Speakers

Mayank Kumar

Mayank Kumar

CEO and Co-founder, UpGrad

Mayank Kumar is the Co-founder & MD of EdTech major - upGrad, which within 6 years of its inception, has impacted over 3 million total registered learners over 100 countries.Co-founded by Ronnie Screwvala, and Phalgun Kompalli, upGrad started with a conviction to bridge the gap between working professionals and rapidly evolving industry requirements to now reshaping online education globally. Mayank has spent most of his professional career in the education sector, where he has been involved in deals with over a billion dollars flowing into the sector. He has served as VP - Education at Bertelsmann, Europe’s largest media and education conglomerate, where he oversaw the education strategy and its multi-million-dollar investments in India.

Rituparna Chakraborty

Rituparna Chakraborty

co-founder,TeamLease

Rituparna Chakraborty is an accomplished business leader. She has business experience of 23 years and as Co-Founder of TeamLease she has been instrumental in making TeamLease India’s largest people supply chain company. She has joined the board recently as an Executive Director. Besides scaling the business to over a $ 750 million business since its inception she has played an active role in driving several various public policy changes - the four labour codes being one of the primary ones. She continues to be involved in forums like CII, FICCI, ILO, ISF within India and internationally to give a voice to important issues in the area of employment & employability.

Sekhar Garisa

Sekhar Garisa

CEO, Monster India

An industry veteran, Sekhar Garisa joined Quess with around two decades of experience in business strategy and development. He is currently the CEO of Monster India, having occupied the role for over two years and successfully propelled the company to one of the leading talent management platforms in the country. Before joining Quess, he was the Senior Director of Partner Development at Microsoft, where he was responsible for leading the company’s go-to-market activities through their 10,000 strong partner network.

TN Hari

TN Hari

Co-founder, Artha School of Entrepreneurship

Hari TN wears different hats: Author, Angel Investor, Advisor to VCs, former CHRO Bigbasket, among others. In the last 5 years, Hari has been an advisor and sounding board to numerous young entrepreneurs and startups. He is a mentor at accelerators like Techstars, Silicon Road, India Accelerator, and NUMA. He is an advisor to VC funds like Arkam Ventures and Fundamentum. He is a prolific author and has authored 7 books so far.

Ayush Jaiswal

Ayush Jaiswal

CEO, Pesto

Ayush is the Founder/CEO of Pesto. Pesto is India's first CBC up-skilling platform focused on helping developers break into their international careers via full time remote jobs.

What To Expect

Layoffs across Indian startups have crossed the 11,000 mark this year as companies struggle to raise funds and are finding ways to reduce their cash burn to survive the funding winter.

This comes after a year of aggressive hiring by startups and high employee costs as tech salaries skyrocketed in 2021. Startups led the tech hiring and talent war in a year that saw immense investor interest and multiple rounds of fundraises by these companies. The layoff story has taken centre stage now after a boom year in which job seekers received multiple offers and were hired for sky-high salaries with even BMW cars offered as incentives in some cases.

What can job seekers do to navigate the downturn?Are there still pockets of demand and hiring? What skills can give youngsters an edge amid the downturn?

We discuss all this and more on this edition of Moneycontrol Masterclass.

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