Zoho, LeadSquared and other startups continue to hire amid industry layoffs

• Indian startups have already laid off a little over 11,000 employees in the first six months of 2022.
• It could get even worse in the near future as experts expect Indian startups to layoff close to 60,000.
• Both low-funded and highly-funded startups have been impacted by this, and would be in the future too.

The prospects of a long funding winter has pushed several Indian startups to fire a significant chunk of their employees. However, amid the gloom there are some outliers who continue to hire employees even as they maneuver through the economic challenges.

Sridhar Vembu-led software-as-a-service (SaaS) company Zoho Corp plans to hire 2,000 employees in India and abroad this fiscal, as it plans to further scale its operations. Even TaCa Healthcare is continuing its hiring to strengthen its existing business and expand to new geographical locations.

The same stands true for other startups hiring amidst the chaos.

Indian startups have already laid off a little over 11,000 employees in the first six months of 2022 as the flow of capital is expected to remain constricted for the next 18-24 months. It could get even worse in the near future. Archit Garg, co-founder at Glamyo Health, pegs startup layoffs at 60,000.

Both low-funded and highly-funded startups have been impacted by this, and would be in the future too. Yogita Tulsiani, the managing director and co-founder of global tech-recruiter iXceed Solutions, noted that most companies hired aggressively during the start of the pandemic and are unable to handle it now.

Amidst all this, these are the startups that are hiring at the moment:

Startups	Hiring	Verticals	Timeline
Zoho	2,000	Software developers, quality assessment engineers, web developers, designers, product marketers, writers, technical support engineers and sales executives	FY2023
Vivifi	1,000	Multiple verticals	FY2023
VDO.AI	100+	Tech, sales, operations, finance and strategy	September 2022
iThink Logistics	120+	Tech, marketing, sales in different locations like Mumbai, Surat, Jaipur, Delhi, Bangalore	FY2023
Faircent	200-250	Technology and data analysts, predictive analytics, data mining technologies	3-6 months
Collabera Technologies	600-800	BFSI, retail, life sciences and healthcare and Hi-Tech Industry	4-6 week
TaCas	400	N/A	6 months
LeadSquared	800	Sales and marketing, finance, product, engineering, delivery, and support functions	8 months
MBA Chai Wala	500	Baristas, restaurant staff	6 months
Utkarsh	500	N/A	FY2023
HappyLocate	600	Sales, HR, accounts, operations, marketing and tech.	FY2023
Sequretek	500	N/A	FY2023

Piyush Bhartiya, co-founder and CEO of AdmitKard — an end-to-end career advisory for students studying abroad — earlier in May highlighted that for every company that is laying off employees there are 100 others who are hiring.

“Like I said, some companies are laying off, others like ours are hiring. I do not see that will impact the employment ratios too dramatically,” he added.

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