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Over 12,000 start-up employees in India lost jobs this year

Shortpedia

Content Team
Image Credit: money control

The global economic meltdown has resulted in job losses for over 22,000 people in the technology and start-up sector this year in the US. More than 12,000 workers in Indian start-ups have also lost their jobs. A dip in valuations and the inability to raise new funds have reportedly prompted companies which benefited from a pandemic boom, to downsize their workforce.