Why India’s tech giants are sacking employees

Neha Sethia, a senior employee at a global tech firm in India’s financial hub, Mumbai, saw the writing on the wall a month ago after several of her friends were given a notice by an educational tech firm to initiate downsizing in the midst of a funding crunch.

“I knew that e-commerce exploded during the COVID pandemic and attracted investors’ attention. The moment the pandemic ended amid market volatility, tech companies began facing a crisis but I didn’t know that my turn would come so soon,” Sethia, who was then sacked by her own company, told DW.

Pragya Kapur, a mid-level employee in New Delhi, says that her company’s bosses told her that they were downsizing due to the global economic crisis.