Description: According to Layoffs.fyi, an online platform that tracks tech layoffs since the COVID-19 pandemic, more than 30,000 people have lost their jobs in India’s tech sector.
When the COVID-19 pandemic hit in 2020, the world came to a near standstill. Large corporations and startups have entered into layoffs and hiring freezes. More than 30,000 people in India have lost their tech jobs in the past two years.
The taxi platform lost 1,400 jobs or 35% of its workforce in May 2020. As part of its latest development, the company has laid off 200 vertical employees as part of a restructuring.
Ed-tech Byjus has laid off approximately 2,500 employees in the past two years. Cuts were planned across product, content, media and technology teams. The company is reported to have closed its Technopark office.
Swiggy laid off 1,100 employees in the first round of May 2020. At the second round of layoffs in July of that year, there were 350 people. According to Layoffs. fyi, it has reached 2,250 in the past two years. Another Ed-tech education company, White Hat JR, was also listed as one of the companies with a high layoff rate. The company is said to have cut 2,100 jobs in India between 2020 and 2022. Unacademy Gaurav Munjal has laid off 1500 staff in the past two years.
Reports that Oyo was planning layoffs began to emerge in November 2019, but the company eventually laid off employees in India and China in January 2020. A report released last month said the company plans to hire 250 sales staff. But at the same time, it planned to lay off 600 people on the engineering team.
Amazon recently announced it would lay off about 1,000 employees worldwide, many of them from India. The company reportedly started sending emails to its employees in India. However, according to Layoffs-Fyi, e-commerce companies have laid off about 1,000 employees in the United States in the past.