Jakarta, CNBC Indonesia – A wave of layoffs (PHK) in start also performed in India. In fact, it only happens in a short period of time with a lot of things.

Over the past five months, the state-owned startup has been reported to cut 6,000 employees. However Business Intern reported, the wave of layoffs did not stop the launch start New.

One of the founders of Glamyo Health, Archit Garg, spoke about it. He said the layoffs were 10 times higher than the current number, which is 60,000 employees.

“Unfortunately there is a lot more pain in the ecosystem and the funding environment could take 6-9 months to get back to normal, so it’s likely the actual number will be 10 times higher as I expect hopefully more negative news will be heard next year. in the near future. close,” Garg said, as quoted by Business InternMonday (30/5/2022).

The victims of this problem would be employees of start educational technology or edu-tech. This is because students will return to school.

For information, this year companies like Ola, Unacademy, Vedantu laid off more than 3,600 employees.

“With the onset of a major crisis in the edtech In India, lack of clarity in structure and processes is a barrier,” said Naveen Jangir, co-founder of HRTech Incluson.

Managing Director and co-founder of iXcedd Solutions, Yogita Tulsinai said that any start will be affected by this issue. That is to say, it will happen well to start underfunded or even high.

At the start of the pandemic, most companies would have recruited aggressively. But in the end, at that moment, I couldn’t take it anymore.

Meanwhile, recruitment platform Instahyre co-founder Sarbojit Mallick said every company has long-term plans and unprecedented scenarios. However, this will affect hiring as well as the company’s team size.

Sujata Pawar, co-founder and CEO start Avni’s period care, according to the startups that fail to manage track and developing the business carefully will be subject to layoffs.

The tsunami of layoffs has indeed affected many start in several countries, including Indonesia. The start-up has reduced its workforce in recent months.

[Gambas:Video CNBC]