Layoffs in 2023: Cred, Meesho, Dunzo among Indian startups & tech companies that have cut jobsIndian startups, too, have been impacted over the last 6 months as they struggle to raise funds in a tough global environment.
15 May, 2023, 06.49 PM IST
CFOs warn about job cuts in education sector in next 6 monthsAccording to a a survey of 600 CFOs by Coupa, a Cloud-based platform, 100 per cent of CFOs in the education sector responded with "reduce w...
05 Mar, 2023, 11.10 AM IST
Over 70 Indian startups show exit door to 21K techies, more pink slips comingAs global layoffs deepen, Indian startups are not far behind and have sacked thousands of employees in the past 3-4 months, with many more ...
30 Jan, 2023, 10.59 AM IST
The unravelling of GoMechanic after SoftBank-Khazanah funding collapsed; Oyo to refile IPO papersWith SoftBank and Malaysia’s Khazanah pulling the plug on GoMechanic funding round after EY flagged issues like inflated revenues, fictitio...
18 Jan, 2023, 07.42 PM IST
Exclusive: Dunzo likely to raise $100 million via convertible notes; data localisation norms hit roadblockOver the past six months, convertible notes have emerged as a lifeline for many highly valued, growth-stage startups which were unsuccessfu...
06 Jan, 2023, 08.34 AM IST
ETtech’s 2022 Year in Review SpecialOver the past few weeks the ETtech team has been chronicling all the big news events that shaped 2022. We’ve tried to make sense of all the...
29 Dec, 2022, 11.54 AM IST
2022 | The year of governance misses, layoffs, a funding winter & regulatory diktatsIn the span of a year, the technology world went from euphoria to turbulence – be it in the stock markets or in the private funding space. ...
28 Dec, 2022, 09.26 PM IST
2022 Year in Review | Tech firms embrace layoffs as recession fears buildAfter two years of staggering growth during the pandemic, online businesses were caught out when Covid began to fade. Russia’s invasion pro...
20 Dec, 2022, 07.50 PM IST
Oyo revives IPO plans; Ola sacks 200 more engineersOyo Hotels & Homes, which filed for an initial public offering in October 2021 but put it off earlier this year because of the pandemic and...
19 Sep, 2022, 07.40 PM IST
Oyo has $1 billion to fund operations until IPO, CEO tells employeesThe company's focus is on getting revenue per available room to 60% to 80% of pre-pandemic levels across all markets, Oyo founder Ritesh Ag...
01 Dec, 2020, 02.36 PM IST
CarDekho lays off 200 employees, up to 22.5% pay cut for restWhen contacted by ET, a spokesperson for CarDekho confirmed the layoffs and pay cuts, without answering specific queries or providing detai...
26 May, 2020, 08.28 AM IST
Masayoshi Son’s real estate bet has some big problemsThe shortfall signals more trouble ahead for SoftBank and one of its most highly touted investments.
17 Feb, 2020, 07.05 PM IST
Oyo's layoffs have hotel partners worriedHoteliers are unable to contact company representatives who were doing business with them.
18 Jan, 2020, 11.43 AM IST
Oyo layoffs have hotel partners worriedSeveral existing hotel partners of Oyo expressed concerns over the job cuts at the SoftBank-backed company and said they had received no co...
18 Jan, 2020, 09.57 AM IST
Oyo to shut doors on 2,400 Indian staffers, may let go more in MarchLayoffs will be in mid-management, business development, sales and operations roles, & tech teams.
15 Jan, 2020, 11.33 AM IST
Layoffs at unicorn club set tone for tougher 2020Quikr has laid off close to 1,000 employees, which is about a third of its total 3,000 workforce over the last few weeks, said a source, ev...
23 Dec, 2019, 09.12 AM IST
Chinese media goes to town on Oyo layoffs, company denies itNews reports say firm sacked about 1,000 employees at its subsidiary Oyo Jiudian.
26 Jun, 2019, 02.28 PM IST