Surging tech salaries become a worry for startups

BENGALURU: The fierce war for talent among the big IT and technology companies in India, and the resulting surge in salaries, is beginning to worry the ecosystem. While the worst hit are smaller startups, even well-funded ventures are taking note.

Earlier this week, Ola founder Bhavish Aggarwal tweeted, “Engineering hiring situation in Bengaluru – thinking of offshoring some work to a lower cost centre in SF, Bay Area!” It may have been said partly in jest, but Ola has 232 open positions on its portal – for roles in battery engineering to electronics hardware to clay modeller – and it will be interesting to watch where those will go.