Start-Ups End Up in Shrinking the Workforce!

The dark side of Start-Up Unicorns has begun to raise its ugly head. Under the garb of 'restructuring', and ' realignment of operations', the Start-Ups have begun to fire or terminate contracts of employees as a 'cost cutting measure'. Indian start-ups have retrenched a little over 11,000 people in the last six months. Industry experts predict that the situation might get worsened soon when more than 60,000 employees are expected to be axed by the end of this year!