siliconindia | | OCTOBER 20228IN FOCUSDuring the pandemic, every industry witnessed tremendous change in work culture, number of employees, and new business strategies and targets, to name a few. The era was undoubtedly proven to be a golden period, especially for tech giants. The wind was so strong it blew tech into another universe of wealth and influence. Though, what is happening in the post-pandemic? It is quite shocking and unexpected. The job market is shifting from the `Great Resignation' phase to a `Great Layoff' phase. There were signs of this in the startup world, and expected it not to be seen in the broader tech world.Layoff in Startups2022 did not begin well for the larger economic world, as a global sell-off pressure stirred a stock market crash. This has consequently seen startup funding slow down to a trickle. The first quarter of the year noticed Indian startups raise $11.7 billion in funding, minting 13 unicorns. Nevertheless, April only saw about $3.4 billion in funding, with no unicorns being produced. While May JOB MARKET SCENARIO IN POST-PANDEMIC: GREAT RESIGNATIONS TO LAYOFFS
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