Funding freeze puts startup hiring in cold storage; up to 50% drop in recruitment

The prolonged funding winter bearing down on Indian startups could leave several companies with bare branches.

Hiring at startups this year has dropped by 10-50%, according to recruitment companies that hire for startups.

Recruitment companies Kelly Services India and PeopleStrong peg the drop in startup hiring in the past few months at a less severe 10%. “With investors now asking companies to focus on profits and cut down on spends, hiring managers are more cautious,” said Thammaiah BN, managing director at Kelly Services.

Read more about the drop in hiring here

Be the first to comment on "Funding freeze puts startup hiring in cold storage; up to 50% drop in recruitment"

Leave a comment