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STARTUP LAYOFFS 2023
Laid off by Amazon and Microsoft in 3 years, techie shares the golden rule for surviving AI-era job lossAfter being laid off by Amazon and Microsoft within three years, tech professional Dave Lewis was forced to rethink his career path in an i...- India's brain-gain moment may be starting with a crack in the American dreamAs green card backlogs, visa uncertainty and layoffs reshape the American dream, India is emerging as a stronger destination for globally e...
- Google-backed Adda247 cuts 20% workforce amid slowing revenueEdtech platform Adda247 has reduced its workforce by 20%. This move comes as the company experiences slowing revenue growth. Adda247 is pre...
- Skyroot, a newborn unicorn; AI pay gap growsSkyroot Aerospace became India’s first spacetech unicorn after its latest funding round. This and more in today’s ETtech Top 5.
- Can AI fix your credit score? Krutrim shuts down assistant KrutiHappy Thursday! Fintechs are building AI solutions to help boost the creditworthiness of borrowers. This and more in today’s ETtech Morning...
- Fidelity marks down conversational AI platform Gupshup's valuation by 80% to $278 millionGupshup was valued at $1.4 billion when Fidelity first invested in the company back in 2021 through a secondary transaction. The asset mana...
- Oracle cuts 20% of India staff; War jitters stall fintech IPOsHappy Thursday! Oracle’s global job cuts have impacted 10,000 employees in India. This and more in today’s ETtech Morning Dispatch.
- Worst of layoffs likely over, startups hand out fewer pink slips in H1Startups cut about 11,250 jobs during the January-June period this year, compared with 21,000 in the first half of 2023 and 15,000 in the s...
- Startups’ pink slip count falls to 10,000 amid funding bluesFiring in first half of 2024 lesser than H2, H1 of ’23, signalling a slight recovery. Ola Electric is in the final stages of laying off ove...
- Layoffs at big internet firms keep staffers at startups on the edgeThe new year has begun on a sombre note for people working in large and well-capitalised startups as companies like Swiggy, Flipkart, and P...
- Tech layoffs in 2024: TikTok, Google and Amazon among companies undertaking job cutsThe new year brings more job cuts to the tech industry as layoffs continue in 2024. Thousands of tech and startup employees have been laid ...
- Unacademy’s FY23 revenue rises 26% to Rs 907 crore, loss shrinksTest preparation startup Unacademy said its losses narrowed by 41% to Rs 1,678 crore in FY23, a period riddled with incessant layoffs at th...
- Top technology and startup developments of 2023ETtech's year-end stories delve into key events that shaped the technology and startup scene this year. Here are the top reads as we review...
- 28,000 and counting: That’s the 2023 layoff data from startup landStartups have been the worst hit this year since the highs of aggressive hiring from 2021, data from Longhouse Consulting shared exclusivel...
- Layoffs and emerging opportunities in the field of technologyThe technology sector in India has seen three types of layoffs in 2022 and 2023, including major layoffs at well-funded startups due to fun...
- Major layoffs announced by Indian startups recentlyA prolonged funding winter and uncertain macroeconomic conditions triggered mass layoffs across Indian startups over the past few months. S...
- Over 9,000 startup jobs slashed between Jan-March; betting, gambling apps advertise despite banLayoffs in the startup and tech ecosystem have continued into 2023, according to data from recruitment platform Careernet. The situation mi...
- Ticketing service provider Eventbrite to lay off 8% of workforce, relocate roles to India, SpainEventbrite joined a growing list of tech firms that have resorted to mass layoffs amid global economic downturn and recessionary fears. Eve...
- Telecom gear maker Ericsson to lay off 1,400 employees in SwedenThe company had earlier announced plans to cut costs by 9 billion crowns ($880 million) by the end of 2023 as demand slows in some markets,...
- Startups fired 6,000 in October-December 2022, 4,000 in January 2023 aloneWith investors tightening their purse strings because of the volatility in the global economy, many unicorns and startups such as Byju’s, S...
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