

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

What grows fast, comes down faster!!!

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

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?

Let me look for F to give

Yr itni jldi nikalna tha to contract pe hi rkh leta

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

2024 Master Layoffs Tracker - Indian + Global
tl;dr
- 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.
- Major global tech giants (...

After scrolling down the whole list😠

The number is higher, if you consider soft firing
You want us to do the summation? Total or should have shares approx total figures