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More than 22,000 techies lose jobs in US, over 12,000 in Indian startups

Shortpedia

Content Team
Image Credit: Pexels

As the tech and startup sector gets hammered by the economic meltdown, more that 22,000 workers in the sector have lost jobs in 2022, along with more than 12,000 in the Indian startup ecosystem. Startups, especially the ones who benefited from a pandemic boom, are feeling the pressure as valuations, particularly at the late stage, have started to dip, according to Crunchbase.