Employees at startups are always on edge due to layoffs at large internet corporations.

For those employed by huge, well-capitalized startups, the start of the new year has been gloomy as companies such as Swiggy, Flipkart, and Paytm are letting go of a significant portion of their workforces.This has increased fear among job searchers and prompted human resources (HR) professionals in the startup ecosystem to realign their expectations for the upcoming year.A somewhat astonished Flipkart employee affected by job layoffs told ET last week, "We had received good incentives and hikes all through 2022 and 2023," adding that it felt like a haphazard exit.As ET had reported on January 8, the nation's leading e-commerce giant has started a process to cut its workforce of 22,000 employees by 5-7%, affecting 1,100–1,500 workers.

Overview For those employed by huge, well-capitalized startups, the start of the new year has been gloomy as companies such as Swiggy, Flipkart, and Paytm are letting go of a significant portion of their workforces.SUMMARY 121 Indian firms have laid off an estimated 34,785 people since the start of the funding winter in 2022. Since the beginning of the year, up to 24 Indian edtech startups—six of the seven unicorns in the edtech space—have let go of 14,616 workers. Up to 15,247 workers have been let go by 69 startups so far this year, demonstrating how little progress has been made in addressing job losses.