Key Points
A glut of CVs in the job market from laid-off startup and e-commerce employees, and those looking to exit companies like Byjus, is leading to a sharp reset of salaries from the stratospheric levels scaled in the post-Covid 2021-22 hiring frenzy...
Executive search and recruitment services firms ET spoke with said the ongoing funding winter, a hiring slowdown, layoffs, and regulatory troubles at some companies have made startup talent much more affordable...
While many employees of cash-strapped ed-tech firm Byjus have been in the job market for a while now, troubles at Paytm after the central bank imposed curbs on its payments bank unit have made a number of its staffers jittery, driving them to explore other options...
Anuj Roy, managing partner at executive search firm Fidius Advisory, said some of the people now available for hiring may not be affordable for early- or mid-stage startups at the salaries they were getting in their previous jobs...
The overall situation in consumer internet right now is tough, but tougher if the candidate is in roles like HR, sales or marketing, said Ashish Sanganeria, senior partner at executive search firm Transearch...
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