startup layoffs

Mumbai: India's top software services exporter () expects the rate of staff departures to fall and demand for its services to rise as companies continue with their pandemic-hastened digitisation processes, a company executive said. More…

Dubai: Mass transit solutions provider Swvl has announced to reduce its headcount by approximately 32% to enhance efficiency and cut central costs to turn cash flow positive in 2023, as economic downturn hits companies and tech startups…

Bengaluru: At a time when global recession and other factors are proving to be detrimental to the prospects of startups, Bengaluru startup ecosystem still remains upbeat despite news of layoffs and investment crunch. Due to the…

Although start-ups are resorting to lay-off of employees as they cite cost-cutting as the primary reason, data show that the overall funding for these new-generation enterprises during January-April this year is almost the same as last year…

Frankfurt: Gorillas will lay off 300 people, cutting its administrative staff in half, as the German grocery delivery app shifts focus from rapid expansion to turning a profit, chief executive Kagan Sumer said. The Berlin-based startup,…

Reverberations from the meltdown of Terra, which we wrote about last week, have shaken all of crypto. This week, Terra’s creator Do Kwon was fined $78 million by tax authorities and faces an investigation in South Korea, another stablecoin…

Edtech unicorn, Vedantu has laid off 424 employees — about 7% of the company workforce, according to a blog post shared by the company. Just days ago, ETtech had reported that the company fired 200 of its contractual and full-time…

New Delhi: Cameo, a startup that allows fans to pay celebrities to record a personalised message or join them on a video call, has announced the layoff of 87 employees. ETtech "We had to let go of 87 beloved members of the Cameo Fameo," CEO…

Several start-ups recently went for layoffs of employees in order to cut costs and reduce role redundancy. The companies include Meesho, Unacademy, Furlenco, Trell, OkCredit and Lido. Such layoffs were also experienced after funding peaked…