Hiring of top-level professionals slowing down in Indian startups: Report

Startups in India are finding it difficult to hire senior-level professionals amid cost-cutting and layoffs across the sector. According to experts, as reported by Economic Times (ET), the senior professionals have been pulling out during the final stages of hiring saying “it is too risky a time to move”.

“We find that senior professionals are now more wary, more so, when we go outside the industry to hire,” Anuj Roy, managing partner at executive search firm Fidius Advisory told ET.

“So, in some cases, the founders themselves are investing more time in the initial conversation, selling the opportunity, convincing the candidate, (and) giving them comfort,” Roy added.

In most startups, the CEOs are now participating in the hiring process for senior-level professionals.