Indian startups among frontrunners in sackings: 1,600 tech staffers fired a day in Jan

Tech layoffs continued into the new year, with at least 101 companies laying off 25,436 employees globally in the first few weeks of January, according to layoff.fyi, a site that tracks job cuts. Going by data shared by the platform, more than 1,600 tech employees are being let go per day on average in India and globally this year.

Indian startups figure prominently among the firms which are laying off employees.

Around 1,024 tech companies globally, including both big tech firms and startups, laid off 154,336 employees in 2022, making it the worst year in a decade for tech roles. Last year’s layoff wave exceeded all previous records, with retail, consumer, transportation, and finance-related tech companies firing most of the affected employees.