According to Layoffs.fyi, a website tracking layoffs since March 2020, a total of 489 technology companies reported laying off 1,38,512 employees in 2023.
Silver lining! Good news on jobs amid layoffs – these startups are recruiting employees in India (representative image)
Recruitment news: While world-renowned technology giants like Amazon, Meta, and Google are laying off thousands of employees, some Indian startups are hiring employees to expand their teams to fuel growth. We have announced our intention to hire you.
According to Layoffs.fyi, a website that tracks layoffs since March 2020, a total of 489 technology companies reported laying off 1,38,512 employees in 2023. Similarly, in 2022, more than 1,000 technology companies laid off around 1,54,000 employees. . Some companies cited the pandemic situation, inflation and the conflict in Ukraine and Russia as reasons for the layoffs, while others said the layoffs were part of cost-cutting and restructuring efforts to ensure their survival. Ta.
Recently, on March 15th, Facebook's parent company Meta Platforms announced a second round of layoffs, cutting 10,000 jobs. Last December, the tech giant announced it would lay off 11,000 employees.
List of startups planning to hire employees in India
physics wallah: Unicorn edtech company Physics Waller also said it plans to hire 2,500 employees in various roles this fiscal year. The company currently has 6,500 employees, including more than 2,000 teachers and education professionals.
“This significant recruitment is in line with the brand’s ambitious growth goals as we continue to provide the highest standards of learning opportunities for our students. ” PW said in a statement.
Liferay: The US-based cloud-powered digital user experience platform (DXP) provider has announced that it wants to double its headcount in India. The company plans to hire more than 200 employees over the next two years. The company has also opened a new office in Bangalore to expand its operations in the country.
“With a strong foothold in 19 countries across EMEA, APAC and the Americas, this global technology company aims to attract the best talent in India and expand its local presence. Over the year, Liferay's Bengaluru office plans to hire experienced entry-level engineering and management graduates for a variety of roles focused on cloud technology, product development, operations, marketing and sales.” said Liferay in a statement.
TSAW Drone: Drone technology startup TSAW Drones has announced aggressive plans to increase its talent pool by hiring more than 350 new employees by the end of 2023. The startup currently has about 50 full-time employees, and with a planned hiring rush, the startup is on track to grow to more than 400 employees.
Sudhanshu Mishra, Head of Human Resources, TSAW Drones, said, “Indian startups and businesses have been hit hard by the funding winter, with thousands of employees being laid off recently. The addressable market for what we do at Drones is unprecedented, especially in times of economic turmoil and transition. Our new professional staff not only positions us to dominate the industry; It will also have a significant impact on the advancement of this new field. Additionally, it will be as positive for new employees as it will be as essential to our growth and success as it is to modeling innovative drone technology solutions for our clients. We intend to maintain a safe working environment.”
CLXNS: CLXNS, a digital-first debt resolution company, has announced the hiring of more than 800 employees. The company plans to hire in all areas, from product, engineering and design to marketing and data analytics. The company is actively recruiting experienced professionals to fill key leadership roles, as well as mid-level talent with technology expertise.
Manavjeet Singh of CLXNS said: “While the current market scenario is volatile, we strongly feel that there is no right or wrong time to hire talent. We believe there will definitely be a boom. Therefore, we expect opportunities for ethical debt resolution to increase significantly.”
