Jan 17, 2023Layoffs 2023: Sharechat, Dunzo and others that fired staff this yearDipavali Hazra

Funding winter, looming recession

A freeze in funding and the threat of recession has slowed down hiring in several startups and tech companies in 2023.


Meta, Microsoft

Meta and Microsoft started vacating their US offices as they moved to work from home, signaling that both companies are being financially prudent in the current climate.



Layoffs in Amazon grabbed headlines as employees shared their pain and trauma on the internet. People were described as “crying in office”.



Twitter had been on a spree of making job cuts under Elon Musk firing teams handling the social network’s misinformation policy, global appeals, content moderation etc


Goldman Sachs

The investment bank let go of about 6% of its workforce (3200 jobs) as it tries to regain its footing as deals slow and markets fall.


Morgan Stanley

For Morgan Stanley too, dealmaking took a hit due to rising inflation and the economic downturn.


Sharechat, Dunzo & others

Following ShareChat, Dunzo (backed by Google and Reliance Retail), the grocery delivery startup, has announced it will lay off around 3% of its workforce.



Domestic ride-hailing app Ola fired about 200 employees saying that some jobs had become redundant.


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