In recent years, Indian startups offered astronomical salaries to hire and retain the country’s top tech talent. But a spate of mass layoffs has left professionals questioning their role and growth, as well as the future of potential employers

“Startups in India still have a very large workforce with attrition as high as 25-30%. This means even as they cut back on jobs, many will continue to hire, explains Anshuman Das, CEO & Founder of LONGHOUSE Consulting, an executive search and advisory firm.

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The employee-employer paradox: Layoffs everywhere, but hiring still a problem