Will Layoffs At Unacademy, Meesho & Co Change How Startups Hire New Talent?
Many founders and experts think that in the next round of appraisals, startups will offer the biggest salary hikes compared to the past four or five years Lately, the job market has been particularly good for tech talent due to the introduction of the metaverse, data fabric, hyper-automation and other developments Despite occasional layoffs, talent migration from big enterprises to startups will be quicker now, given the surge in funding, virtual recruitment of global talent and a greater focus on diversity, equity and inclusion (DE&I) The recent layoffs at Meesho, Unacademy, Trell and many other well-funded Indian startups must have stoked the worry and the anxiety of thousands of employees, even as investors, and the ecosystem, in general, remained strangely silent when heads started rolling. Breathe easy, if you can. These end-of-the-(financial)year pink slips handed to hundreds of employees are an aberration, not the norm. According to a cross-section of industry leaders,...