Disturbing news emerges as India’s startup ecosystem faced a significant workforce reduction, with 9,400 employees being laid off between January and March. The COVID-19 pandemic and its economic repercussions have severely impacted the sector, leading to job losses.
The situation highlights the challenges faced by startups in maintaining stability and growth during these uncertain times. Efforts are needed to support the affected employees and restore confidence in the startup ecosystem for a sustainable recovery.
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