Hiring for more than Rs 50 lakh per annum jobs in Indian startups down by 80%

Hiring in senior roles at Indian startups (CTC greater than 50 lakh per annum) went down by around 80 per cent across new-age tech platforms in the first quarter of 2023 as compared to same period last year, continuing the pattern of declining hiring amid a funding winter, a report showed on Thursday.

The e-commerce and edtech sectors saw significant impacts, with hiring plummeting by 93 per cent and 84 per cent, respectively, according to the report by LONGHOUSE Consulting

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