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    • Gaming company Zupee cuts 170 jobs, offers financial assistance to impacted staff

      Zupee joins a growing list of companies that have reduced their staff in recent weeks, as the industry grapples with the fallout of India's blanket ban on real-money games.

    • Zomato lets go of 600 customer support employees amid food delivery slowdown, automation push

      The company had hired as many as 1,500 employees under its Zomato Associate Accelerator Program (ZAAP) a year ago in customer support roles, offering the chance to be elevated to senior positions within a year, However, a majority of these contractual workers did not get renewals at the end of their tenures.

    • Not Cool! Agritech startup WayCool fires over 200 employees in third round of layoffs in 12 months

      In a related development, BP Ravindran, who was appointed CEO of Waycool's FMCG entity-BrandNext in April last year, has exited the company, per sources.

    • MC Exclusive | Labour commissioner summons Paytm management over alleged layoffs

      The development comes after series of complaints were filed by employees with the Ministry of Labour and Employment wherein they accused Paytm of forcing terminations without pay

    • BNPL startup Simpl hit by second round of layoffs, cuts 50 more jobs

      The move comes less than a month after the Bengaluru-based fintech firm let go of about 160 employees, primarily in high-paying roles like engineering and product. While confirming the development, the company clarified that it is not 50 but 30 employees who are subject to the layoff.

    • Tiger Global-backed edtech Scaler lays off 150 employees

      The layoffs will impact about 10 percent of the total workforce in the marketing and sales department of the company.

    • Exclusive: Paytm to let go of more employees as part of annual appraisal cycle

      While Moneycontrol could not ascertain the number of people who will be impacted, some departments have been asked to reduce their team size by as much as 20 percent.

    • Indian startups have laid off over 30,000 employees since the beginning of 2022

      From 2022 to date, approximately 95 startups have laid off nearly 31,965 employees, according to Moneycontrol's layoff tracker, as they aim to reduce expenses and prioritise profitability.

    • Exclusive: CoinSwitch lays off 44 employees in customer support team, cites role redundancy

      The development comes at a time when the crypto industry in India is grappling with regulatory uncertainty and high taxation, which is causing liquidity issue for both the players and investors.

    • Crypto exchange CoinDCX lays off 12% of workforce

      Laid-off employees will be provided with necessary assistance and resources, including severance pay equivalent to the full notice period, an additional one month of salary, variable pay and incentives owed.

    • Hike's Rush Gaming Universe axes 55 jobs as 28% GST bites

      These cutbacks represent about 22 percent of the company's workforce

    • Upskilling startup Skill-Lync sacks close to 160 employees in a fresh round of layoffs

      The decision to downsize the workforce came as the company decided to streamline costs.

    • Virat Kohli, Anushka Sharma-endorsed Toothsi lays off 20-30 employees amid funding crunch

      This comes almost a year after the company raised $40 million in funding, which it had said would be used for building a team to expand into new geographies and categories.

    • Life after layoffs: How people are coping after losing jobs in Indian startups

      Moneycontrol spoke to 10 people about where they landed after being sacked abruptly and their coping mechanisms through a year of misfortune for startup employees. Names have been changed to protect their identity.

    • The layoff story at Koo: Hush-hush agreements, but nothing written, led to forced resignations

      The Tiger Global-backed startup has trimmed 30% of its 260-member workforce, or about 80 employees, over the past year or so.

    • Info Edge Ventures-backed 1K Kirana lays off 40% workforce to restructure business

      According to multiple sources privy to the matter, over 600 employees were let go across teams.

    • Pristyn Care has cut 15% of jobs so far this year: Report

      Pristyn, which offers technology products aimed at minimising invasive surgical procedures, had more than 2,000 employees as of 2021. This indicates that somewhere around 15% of the workforce was downsized if the laid-off number of 300-350 holds true.

    • Byju's lays off at least 1,000 more employees as sales falter, funding winter worsens

      None of the employees were told about the layoffs over mail, as emails tend to get leaked, sources said. Byju's rather told employees over normal and WhatsaApp calls to join a call over Google Meet and were informed about the layoffs there, sources said

    • Funding to Indian startups sinks to a 5-year-low in January as funding winter worsens

      At least 15 startups, including the most-funded unicorns, let go of close to 3,000 employees in January, taking the total tally of layoffs to more than 20,000 since the start of 2022​

    • Tiger Global closes zero India startup deals in January for first time in 2 years

      Tiger Global turning cautious and going slow on investments suggest a painful period for startups in the country that thrive on private equity and venture capital funding.

    • Healthcare platform MediBuddy sacks 8% staff citing 'market conditions'

      MediBuddy has laid off about 8 percent of its staff across departments, in what was a 'one-time restructuring exercise' according to the company. The rationale behind the layoffs was to eliminate redundancies, the company said.

    • ShareChat parent fires 600 employees, six months after raising $255 million

      The company, however, said that it has laid off close to 500 employees or about 20 percent of its staff.

    • School edtech unicorn LEAD undertakes another round of layoffs

      The startup had in August let go of about 100 employees after a performance review, which the company said was an annual exercise

    • Indian startups laid off close to 20,000 employees in 2022 as ecosystem faces prolonged funding winter

      Since the beginning of the year, about 50 startups have laid off a large number of employees, citing funding constraints and restructuring, while others have shifted the blame to employees' performance, calling the layoffs standard.

    • Venture Capital funding to India drops 73% in July-September 2022: Elevation Capital report

      The report further revealed that Indian startups raised about $3 billion in July-September this year, against $11 billion in October-December 2021.

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