Thousands of jobs lost in just 29 days, these Indian companies made huge layoffs - Newztezz Online

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Sunday, January 29, 2023

Thousands of jobs lost in just 29 days, these Indian companies made huge layoffs


The phase of retrenchments which started from November last year is continuing in the new year as well. Lakhs of people have lost their jobs in 29 days of January itself. Here we are going to tell about those Indian companies which have fired people on a large scale.

Twitter, Google, Amazon, Meta and Microsoft are the multinational tech companies that have laid off a large number of people. This process, which started from November last year, is continuing in the new year as well. Indian companies have also not lagged behind in this matter, if we look at the figures of January itself, many Indian companies have fired thousands of people in just 29 days.

Even among tech companies, the worst condition is that of the startup segment. Startup companies in India have been facing difficulties in raising funds for some time now. Along with this, his new earnings have also been adversely affected. In just 29 days of 2023, these Indian companies have fired thousands of people from their jobs…

GoMechanic , which operates in the car servicing segment, has announced to lay off 70 percent of its employees. Amit Bhasin, one of the founders of the company, has admitted that the company is facing financial difficulties and hence is laying off 70 percent of its employees. Not only this, the company is also going to get its audit done.

Similarly , an e-commerce company named Dealshare has fired about 100 employees. This is equal to about 6 percent of its 1500 employees.

A social media company named MohallaTech operates short video apps like ShareChat. This company has set a target of reducing the number of its employees by 20 percent. In this way, more than 500 people have lost their jobs from the company.

Online food and grocery delivery company Swiggy is also going to lay off 380 employees. Company's CEO Shriharsh Majeti has also given information about this by sending a mail to the employees.

Dunzo , which is invested by Reliance Retail, has also fired 3 percent of its employees. The company operates in the quick delivery segment of grocery.

Ride service company Ola has also fired 130 to 200 employees recently. The company also works in the electric vehicle manufacturing sector. Earlier in September last year, the company had fired 200 engineers.

Online payment service providers Cashfree has immediately laid off 100 of its employees. The company has taken this decision to reduce the cost.

Byju's , one of the most valuable startups in the country, has also laid off a large number of people in the new year. The company says that it will cut 5 percent of its workforce of 50,000 employees. While in 2022 the company will hire 600 people for Toppr and WhiteHat Jr. Like removed from startup.

Vedantu , another company in the Edutech sector, has fired 385 people this year. Earlier, between May and July last year, the company had fired more than 700 people.

Unacademy , another company in the same segment, has also laid off 350 people in just 29 days of 2023. While earlier the company has shown the way out to more than 1,000 employees.

The name of another company that fired people in January is FrontRow . It has discharged about 75 percent of its total workforce i.e. 130 people.

Apart from this, many other companies have fired a small number of their employees.

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