Bengaluru IT startup lays off 40% staff in a day, netizens say: ‘Absurd salaries are real reason’

The incident was shared by CA Arpit Goyal. (Image credit: Pexels)

• Bengaluru IT start-up lays off 40 percent staff in one day
• Even high earners faced layoffs, sparking job market concerns
• Layoffs affected employees with major life events pending

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A Bengaluru-based IT start-up reportedly laid off 40 per cent of its workforce in a single day, according to a post shared on X. The sudden move has left many employees shocked amid rising layoffs in the tech sector.

The incident was shared by CA Arpit Goyal on X with the caption, “One of my friends working in an IT startup at Bengaluru. Recently, his company did a 40% layoff in literally a single day, and this is a real story.”

Goyal said his friend, who works at the Bengaluru IT start-up, earns Rs 92 lakh per year, highlighting that even highly paid roles are at risk during cost-cutting drives.  “He is having a CTC of 92 lakhs. The job loss is real,” the post reads.

Goyal also highlighted the emotional impact of the layoffs, stating that one employee was set to become a father, with his child due in a week.

He also shared another case of a pregnant employee who was preparing to apply for maternity leave before the sudden layoffs happened.

“It scared me to the core,” Goyal adds.

The post soon went viral, prompting people to discuss the growing uncertainty in the job market.

One of my friend working in IT startup at bangalore, Recently his company did a 40% layoff in literally a single day and this is a real story. And he is having a CTC of 92 lakhs.

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The job loss is real. — CA Arpit Goyal (@Arpit1223) February 24, 2026

One user wrote, “Always have a retirement plan. Your own home, even if small and in the suburbs. Own a car even if 20 years old. Groceries are cheap, so you will survive during difficult times.”

Another added, “With a CTC of 92L, and if he worked at least for 5 yrs. Then, his job loss will not impact him much. However, it depends on how finances were handled in past.”

A third user commented, “This is not something new in startups in every country. Startups go through funding rounds and all, and when they are short of funds, the first thing they do is to cut down on employment costs. I don’t know how the heck you became a CA without understanding this.