Lookback 2023: Big IT Firms To Start-Ups, Understanding The Layoffs That Shook The Indian Workforce

From the IT sector to edtech to start-ups, several industry players conducted layoffs citing global headwinds and the funding winter among the major reasons behind these decisions. 

Technological advancements, evolving consumer choices, and a perpetual need for operational efficiency play a major part in impacting the changes in the workforce.  ( Image Source :Getty )

2023 was an interesting year for Indian investors as the stock market saw an impressive lineup of initial public offerings (IPOs), making new records for India’s start-up sector. However, the same period also drew a different picture of India’s employment landscape. From the IT sector to edtech to start-ups, several industry players conducted layoffs citing global headwinds and the funding winter among the major reasons behind these decisions.  Tech Industry Several media