startups , they hired at levels above the industry benchmark and are now making the much needed correction as they conserve cash. They also brought in talent from consulting firms like McKinsey offering them crores in pay packages. They also brought in talent from consulting firms like McKinsey offering them crores in pay packages. People TOI spoke to in the industry said that people in technology roles specially in the national capital region were the worst hit. Referral based placements are being tried internally but at least 60 people are being let go," a source said.

Source: Times of India March 03, 2017 05:13 UTC