In 2023, major tech companies like Google, Amazon, Microsoft, Yahoo, and Zoom, along with startups in various sectors, announced widespread layoffs, impacting tens of thousands of tech workers. Lets see the situation in India.
ShareChat is an Indian social media platform for sharing content in regional languages across India. They've laid off more than 20% of their employees i.e. 500 people.
ZestMoney offers fast and convenient payment solution that allows you to pay in EMIs, without a credit card. They've laid off 20% of their workforce i.e. 100 employees.
VerSe Innovation is an Indian tech company providing content platforms like Dailyhunt and Josh for accessible multilingual content. They've bid goodbye to 5% i.e. 150 people.
Uber is a global ride-hailing company that connects passengers with drivers. In India, they've laid off 23% of their total workforce i.e. 600 employees.
Ola is India's answer to Uber - a ride-hailing platform that connects drivers to users. They've laid off more than 200 people in 2023 as well.
Zomato is an online food delivery & restaurant discovery platform connecting users with local restaurants through an app. They have laid off more than 13% i.e. 520 employees.
Swiggy is an online food delivery platform that delivers food from local restaurants to users' doorstep. They've laid off 6% of their workforce i.e. 380 employees.
Dunzo is an on-demand delivery service that offers groceries, essentials & package delivery services in major cities. They've laid off 30% of their workforce i.e. 300 people.
Unacademy is an online learning platform offering courses and live classes to students for exam preparation and skill development. In 2023, they laid off 12% of their employees.