Job market is brutal in all industries
Reflects what happened in 2024. It wasn't just startups. But I think it is behind us now, haven't heard of a major layoff in 2 months
Whereas last year it would be 1 ever 1-2 weeks
Last yr it was in relatively less in count per layoff. This year it is mass layoffs
Funny to see someone in VC saying this. Just wait for this year second half and the next
Vishwaguru government had cut the corporate tax saying they will create jobs. The reality is that now salaried class pays more tax than corporates and lives in fear of losing ones job. Crony capitalists are just sucking blood of Indians.
This is for all those people who shit on startup’s for layoffs saying big companies like Tata, reliance run their businesses better without layoff.
There is big layoff 50% in reliance retail - jiomart B2B business.
Reasons Very poor management, aggressive hiring, creating business that does not exist, downfall of business.
Compensation -
Asked people to resign & said to s...
India CEO Arjun Mohan has kicked off a massive restructuring exercise that may lead to 4,000-5,000 job cuts
