Key Points
This comes amidst a wave of layoffs in the tech sector, with both startups and large corporations downsizing their workforces...
In the latest round of layoffs, the Indian Edtech startup Physicswallah has reportedly terminated 120 employees..
The recent layoffs at PW and other job cuts in tech startups are a reflection of the broader economic slowdown in India, which has been exacerbated by the ongoing global economic crisis..
Reportedly, as far this year, the Indian startup ecosystem including around 1,059 tech companies, has given pink slips to 240,193 employees..
Notably, the entire tech industry is undergoing a period of significant downsizing, with both startups and large corporations like Meta, Apple, Amazon and Google reducing their workforces..
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