Telcos eye employees from startups to fill bulk of jobs amidst 5G roll outs

MUMBAI: The telecom sector is targeting employees from the startup sector for a bulk of the 15,000-20,000 jobs that need to be filled by the end of this fiscal. Two thirds of this will need to be filled by December 2022 end amidst 5G roll outs.

A readymade pool of prospective employees comes from the startup workforce given that the sector has laid off as many as 23,000 employees since January 2020. And as funding dries up, more startup employees are looking for stabler and secure jobs with traditional companies and MNCs, say staffing experts.

They said that the mass layoffs have also led to an increase in voluntary attrition in that sector, with another estimated 40,000 startup employees on the hunt for new jobs.