Synopsis
Lay-offs may be inevitable even when there is a professionally competent management, good fundamentals, and focus on building value. But the critical aspect is how they are executed once the decision is taken.
“Massive lay-off at a highly funded startup.” Waking up to such headlines has become usual over the last few weeks. It’s unfortunate that more than 12,000 people in the Indian startup ecosystem have lost jobs in 2022 so far. But it’s the hard truth of a funding winter. The reasons cited by the managements are often similar. They blame the global macroeconomic conditions and maintain that “harsh decisions” need to be taken to stay afloat. But is
BY
- FONT SIZE
AbcSmall
AbcMedium
AbcLarge
Why ?
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
-
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
-
Clean experience with
Minimal Ads -
Comment & Engage with ET Prime community -
Exclusive invites to Virtual Events with Industry Leaders -
A trusted team of Journalists & Analysts who can best filter signal from noise
