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Startups shed jobs and preserve money as growth declines
March 20, 2020
Startups shed jobs and conserving cash to accelerate the businesses as the growth is declining due to the virus outbreak. Scooter sharing app Bounce has sacked employees across all levels of the organisation.
Sources told ET, “Drivezy a car rental platform has sacked its employees to keep the growth of organisation stable”.
B2B commerce unicorns have sacked employees for the last few months. India’s top companies have stopped hiring new employees and started moving talent internally.
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