In what appears to be a shocking turn, Tata Consultancy Services (TCS)—India’s flagship IT company—has reportedly initiated the process to terminate the services of around 12,000 middle and senior-level managers. This move, cloaked under the garb of “performance realignment” and… Read More ›
The startup layoffs just keep coming. Layoffs.fyi reports that 500 startup companies have conducted layoffs since the start of 2022. This is a frustrating trend that is emerging among all these headlines: some companies have announced layoff after layoff in quick succession. The Indian Government Budget 2023 had no relief for the startups in India, neither new incentives. The situation remains grim.