The latest figures from Laoff.fyi are enough to blow the fuse in your brain. According to the data more than 36,400 people have lost their jobs in India in the last few years. 9 companies including Lido Learning, Superlearn and GoNuts have laid off 100%.
Sometimes Kovid, sometimes recession, due to one reason or the other, the process of losing jobs in India continues. The latest figures from Laoff.fyi are enough to blow the fuse in your brain. According to the data more than 36,400 people have lost their jobs in India in the last few years. 9 companies including Lido Learning, Superlearn and GoNuts have laid off 100%. According to a website that tracks job cuts in the tech sector, 5 companies laid off 70-75 percent of their workforce. Such companies include GoMechanic, PhableCare and MFine.
Which companies showed how many people the way out
- Byju’s tops the list with the sacking of 4,000 employees.
- Whitehat Junior laid off 1,800 employees in January 2021 and again 300 employees in June 2022.
- In January 2021, ByteDance fired 1,800 employees.
- In June 2020, Paisabazaar laid off 1,500 people, which was 50 per cent of its workforce.
- Swiggy has laid off 2,880 employees since May 2020. It has fired 800 employees in April 2020, 350 in July 2020, 250 in December 2022 and 380 in January 2023.
- Zomato has laid off only 620 people since May 2020. 520 employees in May 2020 and 100 employees in November 2022.
- OLA has fired its employees four times since May 2020. In May 2020, he laid off 1,400 employees, while in July 2022 he suspended 1,000 people. In September 2022, he asked 200 people to quit and in January 2023 again showed the way out to 200 employees.
- Unacademy has so far laid off 1,500 employees, the entire figure is of 2022. The layoffs took place in three phases; 1,000 in April, 150 in June and 350 in November.
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Lots of retrenchment at the global level
At the global level, 503 tech companies have laid off 148,165 employees so far this year. The year 2022 was challenging for the technology industry and startups. At least 1.6 lakh employees had lost their jobs in 2022 and the year 2023 has started in the same way. Amazon has again announced the layoff of 9 thousand employees. Before this, the company has already fired 18 thousand employees. This year, other companies have also fired a large number of employees, due to which about 1.5 lakh employees have been affected till date.
Source: www.tv9hindi.com
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