Indian startups fired 9,400 employees between Jan & March: Report

Indian startups laid off around 9,400 employees in the January-March period, recruitment company Careernet reported. The education technology sector was reportedly affected the most, with BYJU'S firing over 1,000 employees at a time. The report said 70% of all startups made redundancies of between 100 and 300 people. Further, it noted that hiring in senior roles has also dropped.