Tech companies, including startups, around the world have fired more than 425,000 employees in the last two years (till December 26, 2023), with more than 36,000 employees being sacked in India in the same time period.
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About 3,000 tech employees now being fired a day on average in Jan
With more Big Tech companies like Microsoft and Google joining the ongoing layoff season, about 3,000 tech employees are now being laid off per day on average in January globally, including in India.
India ranked fourth for 2022 tech VC investments: New report from Dealroom
Global tech venture capital (VC) firms continue to put large sums of money into Indian tech companies despite a challenging global economic climate, a recent report conducted by Dealroom and London & Partners revealed. India ranked fourth globally with $24.1 billion worth of VC investments in 2022, the report said.