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Peak Layoffs in Unicorn

It’s been reported that Unicorn Gupshup has laid off around 290 employees under the guise of cost-cutting measures and rumoured a news of performance. This move follows unsuccessful attempts to secure funding, leaving the company in a tight financial position in declining of 42% in valuation.

Internal sources suggest that more layoffs are anticipated, not only within Gupshup but also in its recently acquired companies. The motive? Streamlining operations ahead of a potential IPO launch—despite the CEO stating in a recent town hall that there are no immediate IPO plans. Interestingly, the company has reportedly been aligning for an IPO for the past three years, aiming to position itself as a leader in the tech space.

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Layoffs
by SleepyJellybeanData Scientist

BYJU'S set to fire another 4,000 employees

This gets the figure to like 10k in that many months 🫣

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user

Paying exorbitant salaries was going to bite them sooner or later, feel sad for those who will loose their jobs. But ...

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What grows fast, comes down faster!!!

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Bubble 💭 burst moment. Due to these fraud firms, Genuine entrepreneurs will struggle in future. EdTech pov...

Indian Startups
by SillyLlamaDirector of Engineering

Mass layoffs at Ashneer ‘s latest startup

Today mass layoff was done from Third Unicorn Devs, IT team, devops all were impacted

Layoffs in such early phase startup came as a shock

Could be due to new GST rules

What do you guys think?

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user

Let me look for F to give

user

Yr itni jldi nikalna tha to contract pe hi rkh leta

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Grover ji used to brag ki Swiggy main kaam kiya, wo unicorn ban gauli, phone pe ko Unicorn banaya, but Third Unicorn ...

Layoffs
by CosmicTacoGrapevine

2024 Master Layoffs Tracker - Indian + Global

tl;dr

  1. Across the year, more than 149,000 employees in tech were laid off from January through November 2024 alone, with August 2024 seeing the highest single-month total exceeding 26,000 job cuts.
  2. Major global tech giants (...
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user

After scrolling down the whole list😠

user

The number is higher, if you consider soft firing

user

You want us to do the summation? Total or should have shares approx total figures