Indian unicorns see net workforce decline amid layoffs, restructuring: report

Indian unicorns saw a 4.5% average attrition rate over the past year, with a net decrease of about 6,700 employees. Despite overall decline, hiring surged in March 2024, led by companies like Paytm and BigBasket. Delhi-NCR experienced the highest workforce growth, while Mumbai, Pune, and Hyderabad saw reductions.