Indian Startups Overhaul: 4,500+ Layoffs Amid Online Gaming Ban and AI-First Strategies
Over 4,500 employees in Indian startups have been laid off over eight months, with sectors like gaming, home décor, and logistics being hardest hit. Factors such as a sudden ban on online real-money gaming, investor demands, and a shift towards AI-first models are key drivers. Companies like Livspace, Porter, and Zepto are restructuring to prioritize profitability and efficient operations. The job outlook shows rising demand for experienced talent in AI and green-tech, though entry-level hiring remains cautious.
Feb 27