Swiggy to Byju's: 9 startups that undertook layoffs in 2023

By Editorji News Desk
Published on | Dec 27, 2023

Multiple startups laid off staff

Indian startups experienced a funding decline in 2023, especially in late-stage funding. This led to operational evaluations and cost-cutting measures

Meesho

E-commerce website Meesho laid off over 251 employees amid restructuring bid in 2023.

Udaan

Udaan, a B2B e-commerce unicorn, downsized by 10% (150 employees) despite securing $340 million in funding

Mohalla Tech

Mohalla Tech, managing ShareChat and Moj laid off around 200 employees

Byju's

Byju's, facing financial strain, laid off 2,500 employees. Byju's founder Raveendran pledged his home to pay employee salaries.

Dunzo

Dunzo announced a 30% reduction in workforce laying off around 300 layoffs

Swiggy

Swiggy cut 380 jobs in product, engineering, and operations, also closing its meat marketplace.

ZestMoney

ZestMoney's management informed employees about winding down operations, impacting nearly 100 employees.

Ola

Around 200 employees from Ola Cabs, Ola Financial Services Pvt Ltd, and Ola Electric were laid off.

CoinDCX

Crypto exchange CoinDCX cut 12% of its workforce, citing evolving business priorities and market challenges.