In 2023, a number of Indian companies have announced layoffs, with some of the biggest names in the startup space being affected.
Edtech giant Byju's laid off over 6,000 employees in April 2023.
Food delivery company Zomato laid off over 500 employees in March 2023.
Another edtech company, Unacademy, laid off over 600 employees in April 2023.
E-commerce giant Flipkart laid off over 400 employees in February 2023.
Ride-hailing company Ola laid off over 3,000 employees in January 2023.
Hotel aggregator OYO Rooms laid off over 400 employees in May 2023.
Fintech company BharatPe laid off over 200 employees in July 2023.
OTT platform Zee5 laid off over 300 employees in June 2023.