Funding Winter Shrinks Start-Up Jobs, Massive Layoffs In First Half Of 2023

The funding winter, which has hit the Indian start-up ecosystem hard, has not only frozen the job market but also shrunk it. A report by CIEL HR shows that in the first half of the current calendar year alone, 17,000 jobs have been lost in 70 start-ups. The start-ups, which usually lack profits of their own, have been forced to downsize due to a decline in investor funding. Catch Sakshi Batra for a detailed report.