The layoffs included full-time, part-time workers, and contractors, pushing the proptech startup to the brink of shutting down. In a shocking move, tech startup Frontdesk laid off its entire 200-person workforce during a brief two-minute Google Meet call. This move has made it the first tech startup to lay off employees in 2024. The layoffs included full-time, part-time workers, and contractors, pushing the proptech startup to the brink of shutting down, according to TechCrunch. In 2023, approximately 2.6 lakh employees were laid off in the global technology and startup sector, reflecting the ongoing impact of global macroeconomic conditions.

Source: dna January 04, 2024 17:21 UTC