Funding freeze puts startup hiring in cold storage; up to 50% drop in recruitment

E-commerce, logistics, grocery and food delivery companies, typically large recruiters that have put a freeze on hiring or are laying off employees because of their present inability to secure funds, the recruitment firms said. his hiring depression after frenzied recruitment drives in recent years could take the shine off startups and make it tough to attract top talent from larger companies and India’s best business and engineering schools. Startups need the best and experienced minds now more than ever as they retreat to focus on technology and business innovations.

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