Get your resume ready! There will be a lot of hiring in startup companies in the new year

Hiring in Indian Startups: Indian startup companies are now recovering from their bad times. The funding of these companies is improving. This is a good news for the youth of the country. A report has revealed that the staffing firms of the country have estimated 20-30 percent hiring in startup companies by the year 2025.

Reduction in layoffs in startup companies

The Moneycontrol report, citing data from Layoffs.fyi, said that the level of layoffs in startup companies has decreased significantly, falling by 46 percent year-on-year to 8,895 in 2024, while in 2023. It was estimated at 16,398.

Experts believe that this change shows that the funding of these companies has improved. The funding of startup companies has increased by 14 percent year-on-year, reaching $10.9 billion by 2024. This is encouraging companies to focus on their development again.

Maximum hiring will happen in these sectors

It is also mentioned in the report that next year the maximum hiring may take place in the sectors of retail, e-commerce, fintech, FMCG, automotive, travel and hospitality. Whereas in the sectors of BFSI, telecom, healthcare, pharma and energy, hiring may reduce in the first quarter of the new year.

Hiring in startup companies was severely affected due to the ‘Funding Winter’, due to which there was little investment in them for 12-18 months. According to data from market research firm Venture Intelligence, while there was investment of $36 billion in the year 2021, there was a sharp decline in it in 2022 and investment was $24.7 billion. It will further reduce to $9.6 billion in 2023.

Funds will be used for this work

In startup companies, funds are now being used to rebuild the team and for the long-term growth of the company. For example, the $10 million (about Rs 83 crore) the company raised in its Series A funding round typically helps it hire 25 IT professionals, while $20 million helps it hire 40 senior-level executives. Is available.

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This share increased by more than 160 percent this year, Jefferies expects 25 percent more growth – gave ‘top’ rating