Layoffs Increased in Indian Startups due to COVID-19
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 StartupsIndiaâ€™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.
The number one reason why startups fail is due to misreading market demand — this is found in 42% of cases.
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