Startups Navigate Stormy Seas: Over 24,000 Employees Let Go as Funding Plummets In 2023 – Good Returns

In a volatile year for the Indian startup ecosystem, more than 24,000 employees found themselves out of work as over 100 startups grappled with financial constraints and heightened investor demands for profitability. The wave of layoffs, as reported by market research firm TheKredible and covered in a report by The Times of India, underscores the challenges faced by startups across various industries.