Layoff fallout: Outplacement firms have their hands full with flood of CVs

Tough trade-off: Companies want job guarantee for people they've laid off, but on a bargain

It is a busy time for outplacement agencies and job portals in India. The funding chill that has set in for the start-up universe this winter and the fears of a possible global recession that have gripped the IT sector have pushed thousands back into the job market.
 

Over 23,000 have lost their jobs in the start-up world alone since the pandemic began in 2020, according to staffing firm TeamLease. As many as 15,216 have been laid off by 44 start-ups, including unicorns, the firm adds. Among these were 14 edtech start-ups, which have let go of 6,898 people in