Last week, SaaS platform for online stores Dukaan laid off nearly 30 percent of its workforce, or around 60 employees its second layoff in about six months.
With a slowing growth outlook, layoffs from global tech and weaker funding for Indian tech startups, we expect attrition to continue to fall providing tailwinds to margins for Indian IT companies, said Nomura India.
Best Media Info: As per the software services company, these layoffs are directly impacted by ‘currency headwinds’ and ‘wage inflation’ and that the 19,000 employees that are going to be impacted by the layoff| Marketing News
Accenture has announced 19,000 job cuts, joining the likes of Google, Amazon, Meta in IT layoffs this year. A total of 518 tech companies have laid off 1,71,858 employees between January 1 and March 23 this year. Watch this Business Today Visual Story to know about tech layoffs in 2023.