Among the 10 startup segments in India that saw at least one layoff in 2022, edtech, consumer services and ecommerce fired the maximum number of employees.
Amazon, too, followed suit, and media reports suggest that the ecommerce giant may fire as many as 10,000 employees globally, with hundreds of Indian workers in the possible line of fire.
A handful of consumer-facing segments, including ecommerce, consumer services, edtech and fintech, leveraged digital technologies to cater to the public demand for value, convenience and safety.