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Indian Startups Witness Decline In Hiring, Layoffs Continue: Report

Following 'funding winter' in the sector, according to the study, over 64 per cent of the respondents wanted to shift jobs for a 'stable job', adding to the struggle of retention

There has been a 44 per cent decline in hiring in the startups during October-December 2022 compared with the January-March quarter, following 'funding winter' in the sector, CIEL HR Services monthly forecast study - Latest Employment Trends in Startups revealed, according to media reports.

With a decline in hiring due to the drying up of funding, Indian startups also continue to struggle with the retention of talent during the 2022 calendar year, according to the report.

The sector also witnessed a high level of attrition as startup employees preferred stable jobs, higher pay and a better work-life balance, it noted.

According to the study, over 64 per cent of the respondents wanted to shift jobs for a 'stable job', it stated.


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