Hiring in startups surges in April, despite 6% annual drop in e-recruitment: Foundit report

A new Foundit report has claimed that hiring in startups has surged in April, despite economic uncertainities. As per the data, hiring in startups increased 19% in April 2023 compared to the previous year. Hiring in white-collar e-recruitment has declined 6% compared to the same period in 2022.

As per a research by Foundit, a 4% monthly decline in the hiring activity that translates to cautious hiring attitudes among Indian recruiters. Sectors like BFSI, travel & tourism and import & export have witnessed a boost on month-on-month, sectors like Logistics, Home appliances, and Oil and gas saw decline. However on a year-to-year basis, the report showed that retail, travel & tourism did good while BFSI & BPO showed negative hiring intent.

"Although hiring has declined, there are still a plethora of job opportunities in emerging industries for job seekers. Remarkably, the Indian startup ecosystem has taken a turn, exhibiting resilience in hiring intent despite the prevailing job market challenges", said Foundit's CEO Sekhar Garisa to news agency IANS.

As per the report, Ahmedabad reported a marginal rise in hiring activity this April compared to the previous year, while hiring in Bengaluru, Kolkata, Chandigarh and Hyderabad remained at negative in April.