Indian startups CityMall, Unacademy slash hundreds of jobs

Tech companies face mounting pressure to cut costs amid volatile markets

20220621 CityMall and Unacademy

Indian social commerce startup CityMall laid off around 191 employees last week, while education tech company Unacademy has asked 150 more staff to leave after firing 800 in April. (Source images from City Mall Facebook page and Unacademy Facebook page)

VIBHUTI SHARMA, DealStreetAsia

NEW DELHI -- Indian startups have laid off close to 10,000 employees in just six months through 2022, and it looks like there won't be any respite in the near future.

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