Recruitment started again in startups after retrenchment, PwC, Buyuz, Physicswala and Zomato opened doors

Startups, which have laid off a large number of employees in the last three-four months, are now preparing to recruit in large numbers. Industry experts say that startups are on the lookout for fresh talent and hence are hiring new people. Startups that are planning to hire in large numbers include Byuage, Physicswala, and Zomato.

According to layoff tracking site layoff.fi, around 101 tech firms laid off 25,436 employees globally in the first few weeks of January. And the tech industry and startups together laid off more than 17,000 employees in India last year. It added that startups keep laying off and rehiring employees at frequent intervals. Because of this, there is more upheaval in them.

Now Dell is going to lay off, 6650 employees will be employed

Zomato recently laid off over 100 employees, but is hiring 800 people for new roles. Cars24, which laid off 600 employees last year, has announced that it is looking to fill 500 positions. Byju’s, which has cut over 3,500 jobs in the last one year, is planning to add 10,000 more to its 50,000-strong team.

asking for less salary

According to Kamal Karanth, co-founder of Xpheno, a company that helps recruit specialist employees, the bad phase of the startup job market seems to be largely over. He says that the candidates are now seen agreeing for 50 to 60 per cent increment, whereas earlier they were demanding double that i.e. 100 increment. Due to this, the acceptance rate of job offers has also increased from 50 percent to 70 percent.

Companies keep an eye on such candidates

Aditya Mishra, CEO & MD, CIEL HR Services, says that new-age companies are looking for skilled talent and highly productive people who can adapt quickly to change and keep the company ahead. CIEL has come to this conclusion after conducting a survey of more than 60 Hazir employees working in top 60 startups recently.

PwC will make 30 thousand recruitments

PwC PricewaterhouseCoopers has announced plans to create 30,000 new jobs in India over the next five years as it continues to build its presence in India, potentially taking the workforce to over 80,000 by 2028. This follows the setting up of a joint venture between PwC India and PwC US to set up new global centers in India and enhance existing ones which will help the firm accelerate growth and improve service quality. The firm currently employs over 50,000 employees in India among its Indian practice.