Over 30,000 layoffs in Indian tech sector in last two years: Checklist

The ride-hailing platform cut 1,400 jobs or 35% of its workforce in May 2020. In a latest development, the company has laid off 200 employees across verticals as part of its restructuring exercise.

Ed-tech company Byju’s has fired around 2,500 employees in the last two years. lack of employment Planning was done across product, content, media and technology teams. The company reportedly closed its office at Technopark, Thiruvananthapuram office.

In the first round, Swiggy laid off 1,100 employees in May 2020. In the second round this number was 350. lay off In July of the same year. According to Layoffs.fyi, that number has jumped to 2,250 in the past two years. WhiteHat JR, another ed-tech company, also features in the list of companies with high layoffs. The company reportedly plans to cut 2,100 jobs in India during 2020-2022. While Gaurav Munjal’s Unacademy has laid off 1,500 employees in the last two years.

Reports of OYO planning layoffs started coming in in November 2019, but the company eventually laid off employees in India as well as in China in January, 2020. Last month, a report suggested that the company is planning to hire 250 employees in the sales department. But at the same time, he was planning to let go of 600 employees in technology teams.

recently, Amazon announced that it will lay off around 1,000 employees globally, many of which will be from India. The company has reportedly started sending emails to employees in India. But according to Layoffs-Fyi, the e-commerce firm had laid off around 1,000 employees in the country in the past.

Vedantu, CureFit, MakeMyTrip and Meesho are other tech startups that have laid off around 1,100, 920, 700 and 650 employees in India. Zomato laid off 620, Uber and Udaan laid off 600 and 530 employees in the country.