Funding Winter Impact: Since the beginning of the funding winter in 2022, a total of 34,785 employees have been laid off by 121 Indian startups, reflecting the challenging economic conditions impacting the startup ecosystem.
Edtech Sector Challenges: Specifically within the edtech sector, 24 Indian startups, including six out of the seven edtech unicorns, have let go of 14,616 employees over the past year. This highlights the specific challenges faced by companies in the education technology space.
Continued Job Insecurity: Despite the passage of time, the situation remains grim, with 15,247 employees being laid off by 69 startups in the current year. This indicates that the issue of job cuts in the startup sector has not seen a substantial improvement, maintaining an environment of job insecurity.
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