Poor funding, meagre investment and COVID-19 restrictions forced these top Indian startups to lay off employees in their thousands.
The Hire & Fire Culture — Don’t Blame Startups For A Flawed Ecosystem
By the beginning of April, many major startups and unicorns started feeling the heat of a cash crunch. Their businesses were hit severely by the imposition of lockdown. Due to the two-month-long lockdown across the nation, the revenue of these startups has received a major blow.
Automaker Nissan to lay off 1,700 employees in India
As part of a larger global right-sizing, Japanese carmaker Nissan Motor will be handing pink slips to over 1,700 workforce in India.