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 Source: startuptalky.com

Layoffs Increased in Indian Startups due to COVID-19

Quick Summary


But beyond this, the real economic impact from the coronavirus pandemic will come in the weeks and months to come. Lay-offs in Travel StartupsLay-offs in Travel & Hospitality service StartupsLay-offs in Online Food Delivery startupsLay-offs in Cab Services StartupsLay-offs in Scooter Rental StartupsAlso Read: Effect of Coronavirus Crisis on EmploymentLayoffs increased in Startups since COVID-19 OutbreakMany sectors are greatly affected due to COVID-19. The sector, especially startups, is likely to see more layoffs if the virus outbreak continues to cause havoc. Travel StartupsIndia’s biggest travel portal: MakeMyTrip has decided to lay off 350 employees as its business has been affected severely due to the Covid-19 pandemic. Meanwhile recruitment agencies are informing that Indian startups also have cancelled upto 50% of all hiring and interviews with layoffs going on parallel.

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.

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