Firing at Byju’s backed WhiteHat Jr, Toppr and others left 2,000 out of jobs in June
Jul 18, 2022
By: kritti.bhalla@timesinternet.in
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Indian startups have laid off a little over 11,600 people in the last six months as the flow of capital is expected to remain dry for the next 18-24 months. The sector left 1,961 out of jobs in the month of June alone.
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WhiteHat Jr fired 300 employees from its team in June, after its parent Byju’s cut nearly 600 jobs from Toppr and WhiteHat Jr last month. Overall, WhiteHat Jr has fired 1,300 people this year.
Credit: BI India
Byju’s owned edtech company Toppr fired 300 employees in the last week of June, according to Business Insider.
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SaaS company FarEye fired 250 employees at the time of their appraisals. The company has blamed soft market conditions and team restructuring for these layoffs.
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Fintech company Rupeek laid off 180-200 employees — about 15 percent of its total workforce of 1,200 — in the month of June.
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Social commerce company Citymall fired 191 employees in the last three months, as per reports released last month.
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Business-to-business (B2B) ecommerce unicorn Udaan laid off 180 contractual employees from its team after its efficiency enhancement exercise led to redundancies in job roles.
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Business-to-business (B2B) ecommerce platform Yojak laid off 140 full-time and contractual employees from April 2022, according to reports published in June.
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Another 100 employees left social commerce company Trell last month. About 300 people were laid off from the company in March 2022.
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Edtech startup Udayy shut down its operations last month, leaving 100 employees out of job.
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Animal husbandry and aquaculture startup Aqgromalin fired 80 full-time employees from its corporate offices.
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Fintech startup Nova Benefits laid off 30 percent of its workforce, or about 70 employees, last month.
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Gurugram-based healthtech startup Breathe Well-being laid off 50 employees — or about 30 percent of its workforce — from sales, operations, tech and other teams.
Credit: BI India