“There are a large number of unemployed CXOs in the startup ecosystem – many of them are currently jobless, because neither are they willing to take pay cuts nor are they able to land a job in a large company that find them overpriced,” said Mayank Kumar, cofounder of edtech major upGrad. “Inflated salary and CXO designations are the two main reasons coming in the way of getting them another job,” he added.
The Indian start-up sector has seen significant expansion over the years with over 90,000 start-ups and more than 100 unicorns as of 2024.
DBS Bank is considering several startups including in healthcare, technology, and firms using Artificial intelligence (AI) in financial services such as insurance; transportation, logistics and retail, waste management companies and supply chain logistics spaces, Verma said.
During 2023, growth and late-stage startups chose to defer fundraising, and investors took their foot off the gas pedal owing to rising interest rates, leading to the number of mega rounds (those over $100 million) falling to only 15, compared to 48 in 2022.
Anand Mahindra was delivering the fourth Annual Atal Bihari Vajpayee Memorial Lecture on ‘The role of industry in building a resilient and resurgent India’. The Mahindra group chairman pointed to the importance of the government and industry working in a collaborative manner to achieve scale, innovation, and global reach.
According to a latest report by EY India, the outlook for India's startup ecosystem remains positive despite the slowdown witnessed in 2023. The underlying strengths of the Indian economy, coupled with a robust founder-investor ecosystem, position the country favorably for future investments.
Giving high increments, stock options, bonuses, global roles and accelerated promotions to ringfence people who are critical to business.
Amid widespread layoffs in the technology and startups sectors, outplacement firms are experiencing a surge in demand as companies seek assistance in helping laid-off employees find new employment. Companies across various industries, including technology, IT, ecommerce, and BFSI, are engaging outplacement providers such as ABC Consultants, Persolkelly Consulting, Randstad RiseSmart, LHH, and Right Management to aid affected employees
Amid widespread layoffs in the technology and startups sectors, outplacement firms are experiencing a surge in demand as companies seek assistance in helping laid-off employees find new employment. Companies across various industries, including technology, IT, ecommerce, and BFSI, are engaging outplacement providers such as ABC Consultants, Persolkelly Consulting, Randstad RiseSmart, LHH, and Right Management to aid affected employees
Amid widespread layoffs in the technology and startups sectors, outplacement firms are experiencing a surge in demand as companies seek assistance in helping laid-off employees find new employment. Companies across various industries, including technology, IT, ecommerce, and BFSI, are engaging outplacement providers such as ABC Consultants, Persolkelly Consulting, Randstad RiseSmart, LHH, and Right Management to aid affected employees
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