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STARTUP DOWNSIZING
Problems disappeared when I let them go: Bolt’s Ryan Breslow explains why he laid off his entire HR teamBolt CEO Ryan Breslow defended significant layoffs and the removal of the HR department, attributing these drastic measures to a need to re...- Lightspeed eyes new India fund, plans smaller corpus of $300–350 million amid AI focusThe venture capital firm, which was initially looking to raise as much as $500 million for its fifth India fund, has now cut the target siz...
- India flexible workspace market to expand up to 18% on GCC, startup demand: CrisilIndia's flexible workspace sector is poised for significant growth. Capacity is set to rise by 16-18% over the next two fiscal years, reach...
- Rs 92 lakh salary, zero safety: Bengaluru startup fires 40% staff in one dayJob losses are now common in India's technology sector. Even well-paid professionals face instability. A Bengaluru IT startup recently laid...
- Digital India Foundation builds platform for failed startupsThe Digital India Foundation, a Noida-based nonprofit, on Monday launched Phoenix Hub, a platform designed to help redistribute technology,...
- Budget 2024: Can interim budget make new kids, aka startups, happy?Union Budget: The startup community has faced funding woes and layoffs through 2023. Over 28,000 jobs were cut in new-age firms amidst a $8...
- Bengaluru-based startup, which fired 18 employees, is now helping them find new jobsBengaluru-based startup FAM has laid off 18 employees as it shifts its focus from hyper-growth to sustainability, according to founder Samb...
- Over 17,000 Indian startup employees laid off in the first half of 2023 as funding winter refuses to thawStartups, which heavily rely on external investments to fuel their growth, have been forced to downsize due to a decline in investor fundin...
- Sequoia Capital cuts its crypto fund by over 65% in funding winterLeading VC firm Sequoia Capital has massively cut its crypto fund, more than 65 per cent to now about $200 million, amid the funding winter.
- There has been a certain softening in IT hiring: Sanjeev Bikhchandani, Info EdgeSo really non-IT which is more broad based actually for the economy is doing rather well and that I think augurs well for the economy.
- Y Combinator cuts startup batch size by 40% amid economic downturnAccording to The Information, Y Combinator has "cut the number of startups it is funding and training this summer by about half compared to...
- Over 22,000 techies lose jobs in US, more than 12,000 in Indian startupsStartups now say it is much more difficult to raise new funding in this gloomy environment.
- To rope in the best, startups promise no downsizing, unlimited leave and moreIndian startups including the likes of Meesho, PhonePe, Upgrad, Purplle, Pristyn Care and Spinny are going all out to rope in the talent in...
- Razorpay launches payment buttons for SMEs and startupsRazorpay’s Payment Buttons provide businesses the option of accepting payments for multiple products, services and events with different pr...
- Oyo is slashing footprint and headcount in virus-hit JapanThe company’s expansion proved overly aggressive and it was scaling back even before the coronavirus outbreak, slashing staff in China by a...
- As growth dips, startups shed jobs and conserve cash to stay afloatStartups are closely looking at all major business functions as demand dives. Some of India’s top unicorns have also stopped hiring plans a...
- Startups cutting employee costsOyo, Ola, Paytm, Quikr, Zomato and Rivigo have handed out pink slips or are likely to.
- Startups help laid off employees start afreshNew-age companies reach out to alumni, investor and human resource networks to help employees find jobs again.
- Tech Mahindra reskilling employees amid automationThe IT services giant is reskilling employees through a three-tier internal training programme structure and collaboration with online educ...
- ET Startup Awards 2016: How to downsize the right wayIn the run-up to the jury meeting to choose the winners of ET Startup Awards 2016, we will run a series of special articles on the theme of...
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