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Analysts expect more headwinds in the ‘underpenetrated, high opportunity market’ that is India’s tech sector, amid alarm balls from struggles of major market participants like Paytm and Byju’s.
People do not want to put their reputations at risk, and that is now becoming the case when working at such companies. According to recruiters, many of those who moved to startups from traditional sectors at eye-popping hikes at the height of the startup boom are now eager to return even taking upto 20-30% pay cuts