Over 17,000 Indian startup employees laid off in the first half of 2023 as funding winter refuses to thaw
By
Biju Kumar
The Indian startup ecosystem, much like in the United States, has been hit by a prolonged funding winter, leading to significant layoffs, leaving thousands of employees without jobs.
In the first half of 2023 alone, approximately 70 startups have collectively laid off more than 17,000 employees, according to data from CIEL HR, a recruitment and staffing firm.